About Finance Commission The Finance Commission is a constitutional body set up under Article 280 of the Constitution. Under Article 280, the President of India is required to constitute a Finance Commission at an interval of five years or earlier. …
Context: Recently various Opposition-ruled States especially from south India have claimed that they have not been receiving their fair share as per the present scheme of financial devolution. They have raised issues about their less than proportionate share of receipt …
What’s in the news? The Government of India, with the approval of the President of India, has constituted the Sixteenth Finance Commission, in pursuance to Article 280(1) of the Constitution. Dr Arvind Panagariya, former Vice-Chairman, NITI Aayog, and Professor, Columbia …
Context The Fifteenth Finance Commission health grant constituting the urban share which is nearly five-fold that of the annual budget for the National Urban Health Mission and rural allocation is one-and-a-half-fold that of the total health spending by Rural Local …
Background Last year, the 15th Finance Commission (Chair: Mr. N. K. Singh) submitted recommendations for the 2021-26 period and the report was tabled in Parliament on February 1, 2021. Key recommendations in the report for 2021-26 include: Share of states …