Shimla, March 3 -- Himachal Pradesh chief minister Sukhvinder Singh Sukhu met Union finance minister Nirmala Sitharaman in New Delhi on Monday to submit a critical representation warning of an imminent fiscal collapse in the hill state.

The meeting follows the 16th Finance Commission's decision to scrap the Revenue Deficit Grant (RDG) for the 2026-31 period, a move set to strip Himachal Pradesh of nearly 25% of its total revenue receipts. To counter the massive resource gap created by the loss of federal grants, Sukhu proposed a first-of-its-kind annual 'green bonus' of Rs.50,000 crore.

Seeking a financial package to cover the revenue deficit for financial year 2026-27, which may be released as an untied grant under special central assi...