Overview

• Finance Minister Radha Krishna Kishore met Finance Commission chair Arvind Panagariya in Ranchi to formally seek ₹3.03 lakh crore over five years for health, education, infrastructure and rural livelihoods.
• The state urged increasing its vertical devolution of central taxes from 41% to 50%, arguing that GST implementation has reduced revenues for a primarily producing economy.
• Jharkhand highlighted ₹1.36 lakh crore in unpaid dues from coal companies and additional shortfalls under central schemes and GST compensation, demanding these be cleared in the commission’s recommendations.
• Officials pointed to stark social deficits—with 65% of women anaemic and 40% of children under five malnourished—while noting a 9.8% projected GSDP growth and a fiscal deficit of 2.27%.
• The memorandum requested special Security Related Expenditure support for 19 Maoist-affected districts and proposed revising horizontal devolution criteria to raise population and income-distance weightings.