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Finance Minister Arun Jaitley on Tuesday tabled the report of the 14th Finance Commission, along with an action taken report, in Parliament.
Here is a reality check on the implementation of the recommendations of the 13th Finance Commission (for 2010-11 to 2014-15) on various parameters as far as the Centre's financial situation is concerned.
The Centre could not meet the Vijay Kelkar-headed body's suggestions on any of the parameters, though in the first three years -2010-11, 2011-12, 2012-13 - the Centre's debt was well within the Commission's recommendations. However, the Commission's main recommendation on devolution of the divisible taxable pool (32 per cent, excluding cesses and surcharges) is being implemented by the Centre.
