I. The Thirteenth Finance Commission has hiked the share of the states in Central taxes from the existing 30.5% to 32% while making a strong pitch for greater fiscal discipline both at the Centre and in the states.
The Thirteenth Finance Commission's recommendation to increase the vertical share of tax devolution to states will help, but its horizontal distribution formula leaves much to be desired. One, its design is such that two of the four key indicators are in conflict with each other.
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The difference between 13th and 14th finance commission and its impact on orissa from a view point.
The Finance Commission is a constitutional body formed by the President of India to give suggestions on centre-state financial relations. The 15 th Finance Commission (Chair: Mr N. K. Singh) was required to submit two reports. The first report, consisting of recommendations for the financial year 2020-21, was tabled in Parliament on February 1.
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Similarly, the 13th Finance Commission buried the idea of one-size-fits-all and laid out individual fiscal consolidation roadmaps for states. This is something the 14th Finance Commission took to.
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Discuss the recommendations of the 13th Finance Commission which have been a departure from the previous commissions for strengthening the local government finances. The product diversification of financial institutions and insurance companies, resulting in overlapping of products and services strengthens the case for the merger of the two regulatory agencies, namely SEBI and IRDA.
Finance Commission constitutes Group on Defence and Internal Security - New Delhi, Dated: 13th February, 2020 33. Finance Commission constitutes High Level Expert Group on Agriculture Exports - New Delhi, Dated: 17th February, 2020. 34. Finance Commission to hold meeting with Finance Ministers of all States - New Delhi, Dated: 3rd March, 2020 35. The First Meeting of the 15th Finance.
The fourteenth finance commission is of the view that tax tax devolution should be the primary route of resources to the states. The commission recommends to increase the tax devolution of the divisible pool to states to 42% for years 2015 to 2020. This is 10% more compared to 32% target set by 13th financial commission.
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Indira Rajaraman is one of India’s top economists. She is a Ph.D from Cornell University. She was a member of the Thirteenth Finance Commission. For two decades she taught Economics in the.
The 13th finance commission invites suggestions on issues related to its terms of reference from the members of general public, instituitions, and organizations. Advanced search Economic literature: papers, articles, software, chapters, books.
Public Notice for Terms of Reference by 13th Finance Commission. Finance Commission. Working Papers from eSocialSciences. Abstract: The 13th finance commission invites suggestions on issues related to its terms of reference from the members of general public, instituitions, and organizations. Keywords: finance commission; public (search for similar items in EconPapers).
Thirteenth Finance Commission (thfc), 2010 to 2015, had larger than usual tor, which required it, apart from carrying out its primary task of resource sharing, to suggest measures for improving the output and outcome of government expenditure.
The Thirteenth Finance Commission ( 13 th FC) recommendations relating to urban local bodies inter alia aim at strengthening municipal finances and urban governance in India. The 13th FC, making a departure from the previous Finance Commissions, divided the grants to be distributed to the states for local bodies into two parts - general basic grant and general performance grant.
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The Twelfth Finance Commission of India was appointed on 1 November 2002 to make recommendations on the distribution of net proceeds of sharable taxes between union and states. The commission was headed by veteran economist of India, C. Rangarajan.The commission submitted its report on 30 November 2004 and covered the period from 2005-10.
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