14th Finance Commission Current Affairs, GK & News
The Fifteenth Finance Commission of India have submitted its final report fir a five-year duration. The report has been submitted with the objective of transforming the financial governance of India’s municipalities. Background The interim report for Financial Year 2020-21 was tabled in Parliament along with Budget 2020-21. The final report for Financial Year 2021-22 to ..
Union government has accepted recommendations of the 14th Finance Commission (FC) as per its agenda of cooperative federalism. The accepted recommendations are for the five-year period 2015-16 to 2019-20. Key facts Government has accepted FC’s recommendation to increase the devolution of tax receipts from the Centre to the states to 42 percent. Previously, 13th FC ..
The 14th Finance Commission has submitted its report to the President Pranab Mukherjee. The commission is headed by former Reserve Bank of India (RBI) governor Y V Reddy. Finance Commission in its report has given their views on the devolution of tax receipts from the Centre to the states from 1st April 2015 to 31st ..