<p>Union Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre considering restoring state status to Jammu and Kashmir.</p>.<p>She dropped the hint while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance Commission.</p>.<p>Delivering a lecture on Centre-state relations here, Sitharaman said Prime Minister Narendra Modi without any hesitation had accepted the recommendation of 14th Finance Commission in 2014-15 that 42 per cent of all taxes-- an increase from 32 per cent till then-- should be given to the states.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/india-rejects-references-to-jammu-and-kashmir-in-latest-china-pakistan-statement-1159091.html" target="_blank">India rejects J&K references in new China-Pak statement</a></strong></p>.<p>"That Finance Commission said now you raise it to 42 per cent...which means that Centre will have a lesser amount in its hand. Prime Minister Modi, without a second thought about it, fully accepted the Finance Commission and that is why today states get 42 per cent of the amount--now reduced by 41 per cent because Jammu and Kashmir is no longer a state.</p>.<p>"It will soon become may be sometime...," Sitharaman said in her lecture on "Cooperative Federalism: The Path Towards Atma Nirbhar Bharat" organised here by Bharatiya Vichara Kendram in memory of Sangh idealogue P Parameshwaran.</p>.<p>In August 2019, the central government abrogated Article 370 of the Constitution, which accorded special status to Jammu and Kashmir, and bifurcated the state into Union territories.</p>
<p>Union Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre considering restoring state status to Jammu and Kashmir.</p>.<p>She dropped the hint while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance Commission.</p>.<p>Delivering a lecture on Centre-state relations here, Sitharaman said Prime Minister Narendra Modi without any hesitation had accepted the recommendation of 14th Finance Commission in 2014-15 that 42 per cent of all taxes-- an increase from 32 per cent till then-- should be given to the states.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/india-rejects-references-to-jammu-and-kashmir-in-latest-china-pakistan-statement-1159091.html" target="_blank">India rejects J&K references in new China-Pak statement</a></strong></p>.<p>"That Finance Commission said now you raise it to 42 per cent...which means that Centre will have a lesser amount in its hand. Prime Minister Modi, without a second thought about it, fully accepted the Finance Commission and that is why today states get 42 per cent of the amount--now reduced by 41 per cent because Jammu and Kashmir is no longer a state.</p>.<p>"It will soon become may be sometime...," Sitharaman said in her lecture on "Cooperative Federalism: The Path Towards Atma Nirbhar Bharat" organised here by Bharatiya Vichara Kendram in memory of Sangh idealogue P Parameshwaran.</p>.<p>In August 2019, the central government abrogated Article 370 of the Constitution, which accorded special status to Jammu and Kashmir, and bifurcated the state into Union territories.</p>