TS advocate informed court about finance panel

The Finance panel has led to truble in telangana with plea against the state for not constituting the panel landing in court. The main function of the Finance Department is manages the State Finances and is also responsible for proper deployment of State’s Finances, maintenance of accounts of all the financial transactions.

A division bench comprising Acting Chief Justice Ramesh Ranganathan and Justice Abhinand Kumar Shavili was dealing with a PIL by Forum for Good Governance, an NGO of the city, represented by its secretary M. Padmanabha Reddy, seeking to declare the failure of the government to appoint the Commission as illegal, arbitrary and in violation of Article 243-I of the Constitution.

Advocate-general D. Prakash Reddy informed the court that the TS government will complete the process for constituting the commission within six weeks.

Sarasani Satyam Reddy, senior counsel appearing for the petitioner, submitted that Article 243-I of Constitution provides for constitution of the SFC to review the financial position of the panchayats and to make recommendations to the Governor on distribution of the net proceeds of taxes, duties, tolls and fees between panchayats and the state.