Tripura should attract private capital, cut down on higher public outlay: Finance Commission chief

Tripura and northeast India should attract private capital since merely relying on higher public outlay would stretch the debt profile and fiscal deficit profile of the state, said 15th Finance Commission Chairman Nand Kishore Singh.
A 15-member delegation of the XV Finance Commission led by Singh arrived at Maharaja Bir Bikram Kishore Manikya Airport at Agartala on Wednesday. The delegates met all stakeholders, including the state government, autonomous bodies, trade and political delegations during their stay here and told reporters in a press conference that Finance Commission recommendations would be submitted with a sympathetic view to the state’s needs and economy.
“The Finance Commission recognises special challenges of Tripura and we shall take a very sympathetic view to Tripura’s needs and economy. The state government has presented a detailed memorandum to us and said they were rather disappointed with the previous Finance Commission. We shall try to put correctives in place,” Singh said

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