What are the main recommendations of the 14th Finance Commission?

The fourteenth finance commission is of the view that tax devolution should be the primary route of resources to the states. The commission recommends to increase the tax devolution of the divisible pool to states to 42% for years 2015 to 2020. This is 10% more compared to 32% target set by 13th financial commission.

What is FFC in Panchayat?

The Fourteen Finance Commission (FFC) Award: The earmarked basic grants for Village Panchayats shall be distributed across the Panchayats using 2011 Census population with a weight of 90% and area with a weight of 10%. The said grants will be provided in two parts namely a Basic Grant and a Performance Grant.

Who was the 14th Finance Commission of India?

The Fourteenth Finance Commission (FC-XIV) was constituted by the President under Article 280 of the Constitution on 2 January 2013 to make recommendations for the period 2015- 20. Dr. Y. V. Reddy was appointed the Chairman of the Commission.

What is 14th scheme?

Objectives. To augment the consolidated funds of the state to supplement the resources of local bodies (Panchayat & Municipalities) and recommend Grant-in-Aid under Article 275 of Constitutions of India.

How have the recommendations of the 14th France Commission of India enabled the states to improve their fiscal position?

States would receive a larger volume of untied funds relative to tied funds. This will enhance the states’ autonomy in deciding their expenditure priorities.

Which criteria is chosen by the 14th Finance Commission for inter state distribution of proceeds from central taxes?

The 14th Finance Commission has recommended a record 10% increase in the states’ share in the Union taxes to 42% as compared to the 13th Finance Commission.

Who is the head of Gram Panchayat?

Sarpanch
The council leader is named Sarpanch in Hindi, and each of the five members is a Gram Panchayat Sadasya or Panch. In such a system, each villager can voice his opinion in the governance of his village.

Who is 14th commission Chairman?

governor Y.V.Reddy
Former Reserve Bank of India (RBI) governor Y.V. Reddy was the chairman of the 14th finance commission.

What is the period of 15th Finance Commission?

2021-22 to 2025-26
The 15th Finance Commission submits its Report for 2021-22 to 2025-26 to the President of India – New Delhi, Dated 9th November, 2020.

What is the 14th Finance Commission’s recommendation to increase the share of the state in the Central dividend reserve?

The 14th Finance Commission has recommended a record 10% increase in the states’ share in the Union taxes to 42% as compared to the 13th Finance Commission. The total devolution to states during the five years (2015-20) period will be Rs 39.48 lakh crore.

What is the ratio prescribed by the 14th Union Finance Commission for grants to urban local governments between basic and performance?

The 14th FC has continued with the 13th FC recommendation of making these grants available to local bodies in two parts – a basic grant and a performance grant, in a ratio of 90:10 for PRIs and 80:20 for ULGs. The basic grant is an unconditional grant, intended to be used by local bodies to deliver basic services.