The recommendations of the 15th Finance Commission have enabled the States to improve their fiscal conditions.' Comment.
Main Body
15th Finance Commission provided for target of 40% of held to TDP relief in undoing fiscal conditions.
Recommendations including:
However, various states felt the fiscal management due to 15th finance commission.
Tied nature of grants - tied with specific requirements.
(I) Tied nature of grants & tied with specific requirements.
Functions leading to lack of autonomy.
Bring liaise off cuts and emergency o non-shareable - 29% of total devolution.
Resource crunch - due to implementation of welfare programme (20 states missed their targets).
Assignment - discomfort raised by Constitution Class (I) 16th Finance Commission - taken into account concern of aesthetic state.
Way Forward:
(I) FRBM Targets to be achieved
(I) Following fiscal procedure.
There is pressing need for fiscal devolution and decentralisation for effective management of state fiscal wealth.
— DEV-DUDEJAUPSC · AIR 152
Conclusion
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DEV-DUDEJAUPSC
Federal Structure - Functions, Responsibilities, Devolution of Powers and Finances
Centre-State Financial Relations
Finance Commission Recommendations and Impact
200
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