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Ahmedabad: The Gujarat government has constituted the fourth State Finance Commission (SFC) and handed over its command to Bharatiya Janata Party leader Yamal Vyas. The state government gave this information in a notification issued on Monday. The fourth SFC of Gujarat has been constituted after a gap of about 9 years. The tenure of the third State Finance Commission constituted under the chairmanship of Bharat Gariwala had ended in 2015.
Know about Yamal Vyas
Vyas, who has been appointed chairman of the fourth State Finance Commission, is the main spokesperson of the ruling BJP in Gujarat. He is a Chartered Accountant and Company Secretary by profession and has nearly four decades of experience in this field. He was also a full-time member of the 3rd SFC between 2011–2015. He has also served as an independent director on the boards of various state public undertakings. In the notification issued by Gujarat Chief Secretary Raj Kumar, information was given about the formation of the fourth State Finance Commission under the leadership of Yamalbhai Vyas.
Members of the 16th Finance Commission had visited Gujarat
The 16th Finance Commission constituted under the chairmanship of Arvind Panagariya had visited Gujarat last month. At that time the state government had demanded to increase the states’ share in the ‘tax division section’ from 41 percent to 50 percent. A delegation of the opposition Congress had raised the issue of delay in the formation of the State Finance Commission in the meeting with the Central Finance Commission. Congress had said that Gujarat should appoint the seventh State Finance Commission by now. (with language inputs)
