Page-5 of Finance Commission Current Affairs, GK & News

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.


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. ..




State Finance Commissions

The state finance commissions were added by 73rd amendment act. They have been enshrined in article 243-I and 243-Y in Part IX A and IX B. They are constituted by Governor every five years. Primary concern is to suggest ways and means to strengthen the institutions of local governance viz. PRIs and ULBs They recommend ..


15th Finance Commission : Key Terms of Reference

The presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions. Southern states have raised objections over the directive to use population data in the ToR from the 2011 Census and not the 1971 Census that was used earlier. The terms of reference of the 15th finance commission raises questions about constitutional ..


15th Finance Commission constitutes an Advisory Council to advise and assist Commission

The 15th Finance Commission has constituted an advisory council to advise and assist the commission. The 6-member council will be headed by the President of Forum for Strategic Initiatives, Arvind Virmani. The role and functions of the council will be to advise the commission on any issue or subject related to the Terms of Reference ..