Synopsis: The 15th Finance Commission has submitted its recommendations for 2021-26 to the centre. Amongst which maximum have been accepted by the centre while others are put on a hold by it. Background: The commission headed by N.K Singh was required to give recommendations for the period 2020-21 to 2024-25. Although due to COVID 19,… Continue reading Centre’s decision over Finance Commission’s recommendations
Tag: PO_5
An Analysis of 15th Finance commission’s recommendations
Synopsis: The 15th Finance Commission recommendations are slightly different from the other Finance commissions. It has introduced many revolutionary changes that can shape India’s future. What are the major challenges faced by 15th Finance commission? The 15th Finance commission (FC) had many challenging tasks while preparing its report for the year 2021-26. The most important… Continue reading An Analysis of 15th Finance commission’s recommendations
Issues in 15th Finance Commission Recommendation
Synopsis: The recent 15th FC report recommendations criticised on the basis of two grounds. One, the recommendations will impact co-operative federalism. Two, the recommendations are not aligned with the changing federal structure in India. Background Recently, the 15th Finance commission (FC) report tabled in the parliament. It’s following key recommendations accepted by the government. The… Continue reading Issues in 15th Finance Commission Recommendation
Govt. agrees to maintain States’ share in the divisible pool of taxes
Why in News? Recently the Government released the Fifteenth Finance Commission (15th FC) recommendations along with the action taken report in the Parliament. Major recommendations of 15th FC: Tax Devolution to States: The 14th FC commission recommended that states 42% share in the divisible tax pool of the centre. But the interim report of 15th… Continue reading Govt. agrees to maintain States’ share in the divisible pool of taxes
15th Finance commission: Reforming financial governance of India’s municipalities
Source: Indian Express Gs2: Issues and Challenges Pertaining to the Federal Structure, Devolution of Powers and Finances up to Local Levels and Challenges Therein. Synopsis: The reforms suggested by the 15th Finance commissions (interim report) can improve the financial governance of India’s municipalities. Background: The 15th Finance Commission submitted an interim report for FY 2020-21.… Continue reading 15th Finance commission: Reforming financial governance of India’s municipalities
Reasons for frictions between Puducherry CM and LG
Synopsis: Tussle between the Puducherry CM and LG Kiran Bedi is one of the examples of increasing frictions between constitutional functionaries. In today’s article we are listing the causes of frictions between them. Background Recently, Puducherry Chief Minister (CM) V. Narayanasamy staged a three-day protest against Lieutenant Governor (LG) Kiran Bedi. The CM accused LG of “functioning in an autocratic manner” and adopting an “obstructionist attitude” in ensuring the progress and welfare of people and asked the… Continue reading Reasons for frictions between Puducherry CM and LG
Federal Water Governance Ecosystem
Context- Importance of Centre-States coordination to deal with the emerging challenges of inter-state water governance. How the two bills on water can attend the longstanding issue of inter-state externalities The Interstate River Water Disputes Amendment Bill 2019– The bill seeks to improve the inter-state water disputes resolution by setting up a permanent tribunal supported by a… Continue reading Federal Water Governance Ecosystem
Future of the federal framework
Context- The role of the Finance Commission as a neutral arbiter in the Centre-state relation in achieving the delicate balance. What are the key highlights of the latest report? The Fifteenth Finance Commission led by Chairman N. K. Singh submitted its report for the period 2021-2026 to President of India. Title of the report – ‘Finance Commission in COVID… Continue reading Future of the federal framework
15th Finance commission report
Context – The 15th Finance commission led by Chairman N K Singh, submitted its Report to the President of India. What are the key highlights of the latest report? The 15th Finance commission led by Chairman N. K. Singh submitted its report for the period 2021-2026 to President of India. As per the Terms of… Continue reading 15th Finance commission report
GST Compensation Cess
What is Cess? A cess is an earmarked tax that is collected for a specific purpose and ought to be spent only for that. Cess may initially go to the CFI but has to be used for the purpose for which it was collected. Cess collections are supposed to be transferred to specified Reserve Funds… Continue reading GST Compensation Cess