Examine the constitutional role of the Finance Commission in maintaining fiscal balance within the Union. Evaluate the emerging challenges to its effectiveness. Suggest measures to strengthen the institution.

Topic: Appointment to various Constitutional posts, powers, functions and responsibilities of various Constitutional Bodies Q3. Examine the constitutional role of the Finance Commission in maintaining fiscal balance within the Union. Evaluate the emerging challenges to its effectiveness. Suggest measures to strengthen the institution. (15 M) Difficulty Level: Medium Reference: TH Why the question The Finance …

“The structure of the Finance Commission appointment process creates the perception of partisanship”. Critically examine. How does this affect cooperative federalism in India?

Topic: Appointment to various Constitutional posts, powers, functions and responsibilities of various Constitutional Bodies. Q3. “The structure of the Finance Commission appointment process creates the perception of partisanship”. Critically examine. How does this affect cooperative federalism in India? (15 M) Difficulty Level: Easy Reference: NIE Why the question: Rising debates over the neutrality of the …

16th Finance Commission

Source:  BS Context: Shri T. Rabi Sankar, Deputy Governor of RBI, has been appointed as a part-time Member of the 16th Finance Commission (XVIFC) following the resignation of Shri Ajay Narayan Jha. About 16th Finance Commission: What is the Finance Commission? A constitutional body constituted under Article 280 of the Indian Constitution. It recommends the …

16th Finance Commission

GS Paper 2  Syllabus: Powers, Functions and Responsibilities of various Constitutional Bodies   Source: TH  Context: Soon the government will appoint a Finance Commission to determine how much of the Centre’s tax revenue should be given away to States (the vertical share) and how to distribute that among States (the horizontal sharing formula).   What …

Centre to roll out process to set up 16th Finance commission soon

GS Paper 2 Syllabus: Issues and Challenges Pertaining to the Federal Structure, Devolution of Powers and Finances up to Local Levels and Challenges Therein   Source: TH  Direction: The article examines the difficulties the 16th Finance Commission will face as the process to establish the 16th FC gets underway.   Context: The government will soon …