Exam Centre: iON Digital Zone Subject: Stenography
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Then, there is the question of the State Governments performing their part which has been assigned to them during the Third Plan period. In this connection, I would like to draw the attention of the hon. House to a very important recommendation which has been made by the Third Finance Commission, namely, the appointment of a high-power commission, to go into the entire question of the allocation of financial resources between the Central Government and the State Governments. They have argued the whole case in nearly one and a half pages in order to show why it has now become necessary that a high-power commission should be appointed to go into this important question. According to the Third Finance Commission, the allocation of resources between the Centre and the States was made at a time when planned economic development was not visualised. When the Constitution was framed, the development of the public sector, the new responsibilities which the States were going to assume and a Plan era, were not properly visualised, and it was under these conditions that these allocations were being made.