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 ..
Category: Government Schemes Current Affairs
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 ..
Category: India Nation & States Current Affairs