Finance commission deals with

The purpose of the review is primarily to determine if the state agency should continue to exist.

Secondarily, if continued existence is called for, the Commission can make recommendations to increase efficiency and effectiveness. The productive meeting allowed us to educate the Sunset staffers about MH lending in Texas, and advocate for continued sensible, predictable and fair regulation of MH lending. Both expressed concern that this move would result in lower resource allocation to the southern States. But why does the year of the census become a deciding factor?

And are the southern States particularly affected? The Finance Commission, set up in under Article of the Constitution, basically decides how revenue has to be distributed between the Centre and the States.

In addition, the Commission also decides the principles on which grants-in-aid will be given to the States. This Commission is slated to submit its recommendations by October 31, The recommendations, to be observed for a period of five years, will kick in from April 1, The constitution of each Finance Commission is announced by a gazette notification.

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Articles 55 and are especially important as they deal with the delimitation of constituencies for both Lok Sabha and Rajya Sabha. The population figure is also used for the devolution of taxes.

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This does not, however, mean that the entire amount to be disbursed is based on the population - only a certain percentage of the funds. Some of the other factors that the Commission takes into account are per capita income, area, and fiscal discipline. But the Census figures showed a dramatic increase in population, after which the concept of family planning was introduced at the policy level, according to research. This meant that States that complied with policy would lose out on all the areas where population was taken into account.

Hence, the 42nd Amendment picked the Census as the base for all calculations and froze it till the Census. The 84th Amendment further extended that to the first Census after , which will be the Census of The usage of the Census is being opposed for the same reason the usage of Census was made mandatory - to make sure States that have worked on population control do not lose out on benefits.

This was the population Census of , as against the Census of in thousands. Now, besides these aspects, the ToR contains 9 measurable performance-based incentives for states that can be considered by the FC for making a proposal on them. These nine incentives are attached under item 4 of the ToR.

Source : Finance commission website The 15th FC was set up under the chairmanship of NK Singh to suggest measures for the five years from to Constitutional provisions related to Finance commission The article of the constitution of India prescribes that the President of India shall constitute a Finance Commission in every five years to give recommendations to him about the transfer of central revenues to the states and its allocation among them and other matters assigned to it. What is Finance Commission?

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Few of them are: The demand on the resources of the Central Governmentparticularly on account of defence, internal security, infrastructure, railways, climate change, commitments towards administration of UTs without legislature, and other committed expenditure and liabilities The demand on the resources of the State Governments, particularly on account of financing socio-economic development and critical infrastructure, assets maintenance expenditure, balanced regional development and impact of the debt and liabilities of their public utilities.

The impact on the fiscal situation of the Union Government of substantially enhanced tax devolution to States following recommendations of the 14th Finance Commission, coupled with the continuing imperative of the national development programme including New India — The impact of the GST , including payment of compensation for possible loss of revenues for 5 years , and abolition of a number of cesses, the compensation to states etc.

Provision of grants in aid to local bodies for basic services and other incentives.

15th Finance Commission - Constitutional Provisions & important facts - Current Affairs 2018

Control or lack of it in incurring expenditure on populist measures.