Finance commissions in India
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Finance commissions in India [structure, working, and recommendations] by G. Ananda Rao

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Published by Deep & Deep Publications in New Delhi .
Written in English



  • India.


  • India Finance Commission.,
  • Intergovernmental fiscal relations -- India.

Book details:

Edition Notes

Includes bibliographical references (p. [376]-387) and index.

StatementG. Ananda Rao ; foreword by T.N. Chaturvedi.
LC ClassificationsHJ1338 .A536 1992
The Physical Object
Paginationxii, 390 p. ;
Number of Pages390
ID Numbers
Open LibraryOL1377490M
ISBN 108171004466
LC Control Number92909602

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ISBN: OCLC Number: Notes: "Incorporating, A comprehensive introduction on centre-state financial relations in India during pre- and post-independence periods ; Extracts from the reports of Finance Commissions ; Time-series Tax Data, through , of the central and state governments in India ; Related . Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article of the Indian Constitution by the Indian President. It was created to define the financial relations between the Centre and the states. It was formed in   Population is an indicator of the expenditure needs of a state. Over the years, Finance Commissions have used population data of the Census. The 14th Finance Commission used the population data, in addition to the data. ADVERTISEMENTS: Overview of the Finance Commission of India! Article of the Constitution of India provides for a Finance Commission as a quasi-judicial body. ADVERTISEMENTS: It is constituted by the President of India every fifth year or at such earlier time as he considers necessary. Qualifications for Finance Commission Members: The .

Report of the Finance Commissions of India Economica India About the Book The present volume carries complete Report of the Twelfth Finance Commission, except Appendices and Annexures — which are placed in the accompanying CD-ROM that additionally features the essentials, namely, Introduction and the Summary of Recommendations of all the. ADVERTISEMENTS: Recommendations of Finance Commission of India! Since , eight Finance Commissions have so far been appointed. First Finance Commission: The President of India appointed a Finance Commission on 1st December, ADVERTISEMENTS: The following were the important recommendations of this commission: 1. The States’ share in the . Chairman Message. The Finance Commission is a Constitutionally mandated body that is at the centre of fiscal federalism. Set up under Article of the Constitution, its core responsibility is to evaluate the state of finances of the Union and State Governments, recommend the sharing of taxes between them, lay down the principles determining the distribution of these taxes among . Over the years, Finance Commissions have used population data of the Census. The 14th Finance Commission used the population data, in addition to the data. The 15th Finance Commission has been mandated to use data from the Census.

A finance commission is set up very five years by the President under Article of the Constitution. Its main function is to recommend how the Union government should share taxes levied by it with the states. These recommendations cover a period of five years. The commission also lays down rules by which the centre should provide grants-in-aid to states out of the .   What is a Finance Commission? It is a body set up under Article of the Constitution. Its primary job is to recommend measures and methods on how revenues need to be distributed between the CentreLocation: Kasturi Building, Anna Salai, , Mount Road, Chennai, , Tamil Nadu.   Reserve Bank of India governor Shaktikanta Das called for a permanent status to Finance Commission and a robust expenditure planning without compromising on fiscal consolidation as fiscal federalism gathers momentum in the era of uniform goods and services tax ().Das who is also a member of the 15th finance commission said there is a need to ensure Author: Joel Rebello. The Fifteenth Finance Commission (XV-FC or FC) is an Indian Finance Commission constituted in November and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing The commission's chairman is Nand Kishore Singh, with its full-time members being Ajay Narayan Jha, Ashok Lahiri and Anoop Minister responsible: Nirmala Sitharaman, .