The following points highlight the three main problems of federal fiscal transfers from Union to States. The problems are: 1. Method of Devolution 2. Criteria for Fiscal Devolution-Shared Taxes 3. Criteria for the Distribution of Statutory Grant. Problem # 1. Method of Devolution: The working of the Finance Commissions also presents dismal picture in certain […]
Problems of Federal Fiscal Transfers (With Suggestions)
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Thirteenth Finance Commission: Subject-Matter and Terms
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In this article we will discuss about thirteenth finance commission:- 1. Subject-Matter of Thirteenth Finance Commission 2. Terms of Reference of FFC 3. Recommendations. Subject-Matter of Thirteenth Finance Commission: In pursuance of the provision of Article 280 of the Constitution of India and of the Finance Commission (Miscellaneous Provisions) Act, 1951, the Thirteenth Finance Commission […]
Finance Commissions of India and their Recommendations
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In this article we will discuss about the first twelve finance commissions of India and their recommendations. 1. First Finance Commission of India: The First Finance Commission of India was appointed by the President of India on 20th November, 1951, which was Chaired by Mr. K.C. Neogy. Other members of the Commission included Mr. V.P […]