By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • India News
    India News
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
    Show More
    Top News
    The States Braces for Protests Over New COVID Rules
    August 29, 2021
    R. Venkataramani re-appointed as Attorney General
    September 26, 2025
    CPI(M) fielding candidates with criminal links: Satheesan
    November 30, 2025
    Latest News
    IUML credits UDF’s teamwork for Assembly polls victory in Kerala
    May 4, 2026
    Four killed, two injured as ambulance rams into stationary truck near Srikalahasti
    May 4, 2026
    Heavy rain, winds knock out power across Nellore; IMD forecasts more thunderstorms in AP
    May 4, 2026
    Kerala elections 2026: Check full list of winners
    May 4, 2026
  • Technology
    TechnologyShow More
    Strengthening the Team: Thryve PR Onboards Pranjal Patil as PR Executive & Project Manager
    October 1, 2025
    How to Take the Perfect Instagram Selfie: Dos & Don’ts
    October 1, 2021
    Apple iMac M1 Review: the All-In-One for Almost Everyone
    Hands-On With the iPhone 13, Pro, Max, and Mini
    September 4, 2021
    Apple VS Samsung– Can a Good Smartwatch Save Your Life?
    August 30, 2021
  • Posts
    • Post Layouts
      • Standard 1
      • Standard 2
      • Standard 3
      • Standard 4
      • Standard 5
      • Standard 6
      • Standard 7
      • Standard 8
      • No Featured
    • Gallery Layouts
      • Layout 1
      • Layout 2
      • layout 3
    • Video Layouts
      • Layout 1
      • Layout 2
      • Layout 3
      • Layout 4
    • Audio Layouts
      • Layout 1
      • Layout 2
      • Layout 3
      • Layout 4
    • Post Sidebar
      • Right Sidebar
      • Left Sidebar
      • No Sidebar
    • Review
      • Stars
      • Scores
      • User Rating
    • Content Features
      • Inline Mailchimp
      • Highlight Shares
      • Print Post
      • Inline Related
      • Source/Via Tag
      • Reading Indicator
      • Content Size Resizer
    • Break Page Selection
    • Table of Contents
      • Full Width
      • Left Side
    • Reaction Post
  • Pages
    • Blog Index
    • Contact US
    • Search Page
    • 404 Page
    • Customize Interests
    • My Bookmarks
  • Join Us
Reading: Himachal CM Sukhu seeks special financial package from Centre
Share
India Times NowIndia Times Now
Font ResizerAa
  • Finance ₹
  • India News
  • The Escapist
  • Entertainment
  • Science
  • Technology
  • Insider
Search
  • Home
    • India Times Now
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
  • Bookmarks
    • Customize Interests
    • My Bookmarks
  • More Foxiz
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US

Home » Himachal CM Sukhu seeks special financial package from Centre

India News

Himachal CM Sukhu seeks special financial package from Centre

Times Desk
Last updated: March 2, 2026 11:26 am
Times Desk
Published: March 2, 2026
Share
SHARE


Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu meets Union Finance Minister Nirmala Sitharaman in New Delhi on Monday.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu meets Union Finance Minister Nirmala Sitharaman in New Delhi on Monday.
| Photo Credit: The Hindu

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday (March 2, 2026) sought a special financial package from the Centre to cover the State’s revenue deficit for the financial year 2026-27.

During a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi, Mr. Sukhu claimed that the discontinuation of the Revenue Deficit Grant (RDG) would have a far-reaching adverse impact on the State’s financial health.

“Himachal Pradesh cannot be compared with other States whose RDG has been discontinued. The RDG contribution for the State was approximately 12.7%, the second highest after Nagaland. Big States can withstand the discontinuation (of RDG), but the economy of Himachal Pradesh can’t,” he said, adding that assessing all States on a single yardstick was neither healthy nor transparent.

The Chief Minister said, “The move undermines the spirit of cooperative federalism”. He stated that Article 275(1) of the Constitution allows such grants to the State that cannot bridge the gap between their revenue receipts and expenditure. He added that this was the first time that the Finance Commission had ignored the developmental needs of small hill States.

Mr. Sukhu also requested the Union Finance Minister to constitute a committee to assess the economic challenges faced by hill States and recommend corrective measures.

In a statement, he said the State has taken several steps over the past two to three years to improve its fiscal position, including reducing expenditure, avoiding off-budget borrowings, and raising about ₹600 crore annually through various cesses. “However, the State suffered revenue losses due to (the implementation of) GST. Despite raising tax rates wherever feasible and rationalising subsidies, the gap in revenue deficit could not be bridged,” he added.

Published – March 02, 2026 04:21 pm IST



Source link

Assam govt drops ex-President Fakhruddin Ali Ahmed’s name from medical college in Barpeta
India to train border security force of Mongolia: PM Modi
SCR GM directs RPF to step up vigilance on trains, enforce safety norms
T.N. govt. defers Union Road Ministry’s notification on fee enhancement by three months
Days after delivering death sentence for former PM Hasina, Bangladesh invites NSA Doval to visit Dhaka
TAGGED:Chief Minister Sukhvinder Singh Sukhu budget demandHimachal Pradesh budget 2026-27Himachal Pradesh budget deficitHimachal Pradesh Chief Minister Sukhvinder Singh SukhuHimachal Pradesh financial package
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

Man arrested in Bihar’s Muzaffarpur for circulating AI-generated fake videos of PM, President

Times Desk
Times Desk
January 3, 2026
Lawyer killed over ‘long-standing rivalry’, five held in Annamayya district
Man sentenced to 20 years’ imprisonment under POCSO Act
Karnataka High Court upholds ‘leave India notice’ issued to U.S. national who engaged in business activists while on tourist visa
Stocks making the biggest moves after hours: NFLX, MAT, DKNG, ISRG
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?