New terms of fund devolution skewed in Centre's favour: Odisha CM

Odisha has taken exception to the new Terms of Reference (ToR) of the 15th Finance Commission. Chief minister Naveen Patnaik has said the new ToRs are a departure from the terms of the previous Finance Commissions and will shrink the flow of funds to states.

Patnaik, in a letter to Prime Minister Narendra Modi, said the new terms might have an adverse impact on horizontal devolution for Odisha as well as vertical devolution for states. More, the suggestions by the Odisha government during consultations before notifying ToRs seem to have been ignored, he added.

On vertical devolution, the ToRs seek to put