Search results
3 lut 2021 · Total 15 th Finance Commission transfers (devolution + grants) constitutes about 34% of estimated Gross Revenue Receipts to the Union, leaving adequate fiscal space to meet its resource requirements and spending obligations on national development priorities.
Latest Update – The 15th Finance Commission has released a report titled ‘Finance Commission in COVID Times’ on its official website – https://fincomindia.nic.in/. Read about the 15th Finance Commission and a gist of its latest report in this article for IAS Exam preparation.
As per the clause (1) of article 280 of the Constitution, the Finance Commission is to be constituted every fifth year or earlier. However, as the recommendations of the 15th FC cover the six-year period up to 31st March 2026, the 16th FC is proposed to be constituted now.
Cripps Mission 1942: Feature, Proposals, Setbacks, and Impact on India’s Political Trajectory. Examine the recommendations made by the 15th Finance Commission, which was chaired by N.K. Singh, and how they affect India's fiscal federalism to help you prepare for the UPSC exam.
9 lis 2020 · The 15th Finance Commission submits its Report for 2021-22 to 2025-26 to the President of India. The Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the Hon’ble President of India.
13 lip 2023 · What are Finance Commissions? FCs are constitutional bodies set up under Article 280 of the Constitution every five years to make recommendations on the distribution of financial resources between the Union and the states. Recommendations cover three main aspects: Vertical Devolution: The share of states in the divisible pool of central taxes.
10 mar 2021 · The Fifteenth Finance Commission (FC-XV) was constituted by the President under Article 280 of the Constitution on 27 November 2017.The title of the report ‘Finance Commission in Covid Times’, submitted to the President for the period 2021-26, itself speaks of the onerous task it had in hand when the pandemic had significantly impacted the ...
