Page-4 of Finance Commission Current Affairs, GK & News

Cabinet approves extension of term of 15th Finance Commission

Union Cabinet chaired by Prime Minister Narendra Modi has approved extension of term of 15th Finance Commission (XV-FC) up to 30 November 2019. This will enable FC to examine various comparable estimates for financial projections in view of reforms as well as new realities to finalise its recommendations for period 2020-2025. The government has also ..

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Finance Commission of India

The Finance Commission is sanctioned in Article 280 of the Indian Constitution. It was first established in 1951 by the President of India to define the financial relations and dealings between the central government of India and the individual state governments. What does the Constitution say? As per Article 280 of the Indian Constitution, the ..

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15th Finance Commission meets Ministry of Panchayati Raj

The Ministry of Panchayati Raj has made a presentation to Shri N.K. Singh, the Chairman of 15th Finance Commission, its Members and senior officials of the Commission. The Ministry has lodged an allocation of Rs. 10,00,000 crores to Panchayats by the 15th Finance Commission. It is a hike of 399% from that given by the ..

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Y V Reddy authors book “Indian Fiscal Federalism”

The book titled “Indian Fiscal Federalism” has been authored by former RBI Governor Dr. Y V Reddy and co-authored by Dr. G R Reddy. The authors noted that the Niti Aayog should ideally be the focal point for all transfers from the Centre and states outside the recommendations of the Finance Commission.

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RBI Governor bats for Permanent Status to Finance Commission

Reserve Bank of India (RBI) governor Shaktikanta Das called for permanent status to Finance Commission.  RBI Governor Shaktikanta Das is also the member of the fifteenth finance commission. Necessity of the Permanent Status The permanent status will ensure consistencies between finance commissions so that there is some certainty in the flow of funds to states. ..

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