Indian public finance and the twelfth Finance Commission

Cover of: Indian public finance and the twelfth Finance Commission | Indian Economic Association. Conference

Published by Published on behalf of Indian Economic Association [by] Deep & Deep Publications in New Delhi .

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  • India. -- Finance Commission -- Congresses.,
  • Intergovernmental fiscal relations -- India -- States -- Congresses.,
  • Intergovernmental tax relations -- India -- States -- Congresses.

About the Edition

Papers presented at the 88th annual conference of Indian Economic Association held at Vishakhapatnam, India; articles with reference to the period covered by the commission from 2005-06 to 2009-10.

Edition Notes

Book details

Statementedited by Anil Kumar Thakur and Md. Abdus Salam.
ContributionsThakur, Anil Kumar., Salam, Md. Abdus.
LC ClassificationsHJ1338 .I585 2005
The Physical Object
Paginationxxviii, 523 p. ;
Number of Pages523
ID Numbers
Open LibraryOL17899248M
ISBN 108176299588
LC Control Number2006448513

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The present volume carries complete Report of the Twelfth Finance Commission, except Appendices and Annexures — which are placed in the accompanying CD-ROM that additionally features the essentials, namely, Introduction and the Summary of Recommendations of all the previous reports of the earlier Finance Commissions (First to the Eleventh).

Get this from a library. Reports of the finance commissions of India: First Finance Commission to the Twelfth Finance Commission: the complete report. [India. Finance Commission.]. - Buy Report of the Finance Commissions of India: First Finance Commission to the Twelfth Finance Commission book online at best prices in India on Read Report of the Finance Commissions of India: First Finance Commission to the Twelfth Finance Commission book reviews & author details and more at Free delivery on qualified : AF.

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Apart from the summary of the Twelfth Finance Commission’s report for Bihar, as presented below, this document also contains two memorandums presented to the Commission — one by the state Indian public finance and the twelfth Finance Commission book and other by the political parties and professional organisations, prepared by ADRI.

The Twelfth Finance Commission (TFC) was appointed by President on 1st November under the Chairmanship of Dr. Rangarajan. The Terms of Reference of the Commission are at Annex-I. Summary of the recommendations of the TFC are placed at Annex-II.

Twelfth Finance Commission ANNEXURE (Para ) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 2nd July, S.O(E).—The following Order made by the President is to be published for general information:— ORDER Whereas Shri Som Pal was appointed as Member (Part-Time) of the Twelfth Finance.

Indian Public Finance Statistics - Download ( KB) 13th October, Indian Public Indian public finance and the twelfth Finance Commission book Statistics Download ( KB) 30th September, Indian Public Finance Statistics Download ( MB) 31st August, Subject-Matter of Thirteenth Finance Commission: In pursuance of the provision of Article of the Constitution of India and of the Finance Commission (Miscellaneous Provisions) Act,the Thirteenth Finance Commission was constituted on Novemwith Dr.

Vijay L. Public Finance (Central) Division. Public Finance (Central) Division is primarily engaged with all issues relating to the Central Plan of the Government of India.

In this regard, this division is entrusted with the appraisal and approval of all public funded schemes and projects of the Central Ministries/ PSUs. Finance Commission constitutes Group on Defence and Internal Security - New Delhi, Dated: 13th February, Finance Commission constitutes High Level Expert Group on Agriculture Exports - New Delhi, Dated: 17th February, Finance Commission to hold meeting with Finance Ministers of all States - New Delhi, Dated: 3rd March, India’s states were given incentives by the Twelfth Finance Commission (TFC) to implement their own fiscal responsibility laws (FRLs) in the form of conditional debt restructuring and interest rate relief.2 With the FRBMA and FRLs only setting out targets until Marchthe Thirteenth Finance Commission is currently reviewing India’s fiscal.

The Twelfth Finance Commission was appointed under the chairmanship of C. Rangarajan on November 1, to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and the measures needed to augment the.

The Twelfth Finance Commission of India was appointed on 1 November to make recommendations on the distribution of net proceeds of sharable taxes between union and states. The commission was headed by veteran economist of India, C.

Rangarajan. The commission submitted its report on 30 November and covered the period from   Finance commission is appointed by the president of India for every five years.

Recently, N. Singh is appointed as the chairman of 15th Finance Commission from Functions of the Finance Commission. To recommend to the president the basis for Distribution of taxes to be shared between the Centre and the states Government. Fin panel offers new path to fiscal health 30 Dec,PM IST The Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and states, has suggested a new path for fiscal prudence in its report submitted to President Pratibha Patil.

Tenth Finance Commission Eleventh Finance Commission Twelfth Finance Commission Thirteenth Finance Commission. Get this from a library. Trends in India's public finance; a memorandum submitted to the Fifth Finance Commission,on behalf of the Gokhale Institute of Public Affairs, July [N Madhava Rau; Gokhale Institute of Public Affairs.; India.

Finance Commission, 5th.]. RE: Finance Commission of India - General Studies MCQs with answers -Rahul G (01/24/15) This is quite informative.

Would request the author to shed light on new standing of finance commission in the context of restructuring of the planning commission.

The Twelfth Finance Commission was incorporated in the year The commission made recommendations for the distribution of the net proceeds of the taxes between the Union and the states. It also recommended taking of certain measures for augmenting the Consolidated Fund of a state.5/5(3).

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Report of the Twelfth Finance Commission () A fiscal document that makes recommendations for restructuring public finances, describes trends in central & state finances, makes assessment of revenue & expenditure and explains sharing of union tax revenues. This document on the Finance Commission, India website is divided into the.

Topics Covered: Appointment to various Constitutional posts, powers, functions and responsibilities of various Constitutional Bodies. Finance Commission of India What to study.

For Prelims and Mains: About FC- roles, objectives, functions, criteria used and need for reforms. Context: Cabinet approves extension of the term of the Fifteenth Finance Commission up to 30th Continue.

The finance commision or the vitta aayog defines the financial relations between the central and the state governments of India. The Finance Commission has appointed every five years and consists of a chairman and four other members.

In the following section, we will see the structure, function and the constitutional validity of the Finance Commision of India. National Portal of India is a Mission Mode Project under the National E-Governance Plan, designed and developed by National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India.

It has been developed with an objective to enable a single window access to information and services being provided by the various Indian Government entities. India's twelfth finance commission: a view from Kerala. By K. Kannan and R. Mohan. Get PDF ( KB) Abstract.

The focus of the paper is to review the Terms of Reference (TOR) of the Twelfth Finance Commission with special reference to Kerala. It also critically examines the emphasis on fiscal deficit reduction without paying attention to.

Goa wants divisible pool of central taxes to be raised to 45% 21 Nov,AM IST Goa Chief Minister Manohar Parrikar suggested to the Twelfth Finance Commission(TFC) that the divisible pool of central taxes be raised to 45 per cent and that the states showing better performance-development and progress- should not suffer when it comes to devolution of Central funds.

New Delhi, Nov 17 (IANS): The Chairman and members of the 15th Finance Commission on Tuesday presented a copy of the panel's report for to financial years to Union Finance Minister Nirmala Sitharaman. The Commission had submitted its report to the President of India on November 4 and to the Prime Minister on November The Finance Commission is supposed to review the state of finances of the Union & States, and thereafter suggest a plan for the governments, for collectively bringing about restructuring of the public finances while restoring budgetary balance, for achieving the macro-economic stability and the debt reduction along with equitable growth.

Finance Commission of India. The finance commission generally presents its recommendation regarding the allocation of revenue between the centre and the state, so that there is no discord between the centre and state.

Appointment of Finance commission. As we know the finance commission of India is appointed once in a five year. The Fifteenth Finance Commission (XV-FC or FC) is an Indian Finance Commission constituted in November and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing The commission's chairman is Nand Kishore Singh, with its full-time members being Ajay Narayan Jha, Ashok Lahiri and Anoop Singh.

The Finance Commissions (IAST: Vitta Āyoga) are commissions periodically constituted by the President of India under Article of the Indian Constitution to define the financial relations between the central government of India and the individual state First Commission was established in under The Finance Commission (Miscellaneous Provisions) Act, Downloadable.

The focus of the paper is to review the Terms of Reference (TOR) of the Twelfth Finance Commission with special reference to Kerala. It also critically examines the emphasis on fiscal deficit reduction without paying attention to its quality and finds that this has led to the Centre and the States resorting to a softer option of cutting productive capital and necessary.

I have submitted the report of the Finance Commission for the financial year to the president, which is now in the public domain.

We have commenced work for the main report to be submitted by October for the five-year period thereafter (. Other recommendations to be made by the Finance Commission, as per its Terms of Reference. When was the first Commission Constituted and how many Commissions have been Constituted so far.

The First Finance Commission was constituted vide Presidential Order dated under the chairmanship of Shri K.C. Neogy on 6th April, Public Accounts of India.

This is constituted under Article (2) of the Constitution. All other public money (other than those covered under the Consolidated Fund of India) received by or on behalf of the Indian Government are credited to this account/fund. This is made up of: Bank savings account of the various ministries/departments.

The recommendations of the Thirteenth Finance Commission (ThFC), constituted by the President of India under Article of the Indian Constitution, will govern various elements of the fiscal relation between the Government of India and the various State Governments over the period to (award period).

Finance Commission of India - Article deals with Finance Commission of India. Read about the role of finance commission. The article also provides information on finance commission of India chairman for UPSC exam. Download Finance Commission of India Notes PDF.

For UPSC preparation, follow BYJU'S. Public Finance. Introduction to Public Finance: Before we begin with the public finance, we would like to point out the major functions of a modern government: (a) Improving economic efficiency (b) Making the distribution of income less unequal (c) Stabilising the economy through macro-economic policies (d) Representing the country internationally.

The Fourteenth Finance Commission of India () The five-year term of the Thirteenth Finance Commission ended in Hence, new recommendations were made enforceable by the Fourteenth Finance commission of India in February /5(1).2 days ago  The Fifteenth Finance Commission has mooted a greater role for public private partnerships to ramp up the health infrastructure and scale up public spending on health from % of GDP to % by.

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