FM Nirmala Sitharaman hints at possibility of Centre considering restoration of state status to J&K

Union Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre considering restoring state status to Jammu and Kashmir.

She dropped the hint while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance Commission.

Delivering a lecture on Centre-State relations here, Sitharaman said Prime Minister Narendra Modi without any hesitation had accepted the recommendation of 14th Finance Commission in 2014-15 that 42 per cent of all taxes– an increase from 32 per cent till then– should be given to the states.