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Finance Commissions Terms Of Reference

Finance Commission terms of reference takes a conservative stance

Press release on terms of reference doesn't name people who will be part of the commission

Finance Commission terms of reference takes a conservative stance
Updated On : 30 Nov 2023 | 12:56 PM IST

Centre approves 'terms of reference' for the 16th Finance Commission

The government has approved the 'Terms of Reference' for the 16 Finance Commission, which makes recommendations on sharing of tax revenues between the Centre and states. The recommendations would cover a five-year period commencing April 1, 2026, Information and Broadcasting Minister Anurag Thakur said on Wednesday, giving details about the decisions taken at the Cabinet meeting last evening. The commission would submit its report by October 31, 2025, Thakur said. The 15th Finance Commission was constituted on November 27, 2017. It made recommendations covering a six-year period commencing April 1, 2020 through its interim and final reports. The recommendations of the 15th Finance Commission are valid up to financial year 2025-26. Article 280(1) of the Constitutions lays down the modalities for setting up of a Finance Commission to make recommendation on the distribution of net proceeds of taxes between the Union and states; allocation between states of respective shares of such

Centre approves 'terms of reference' for the 16th Finance Commission
Updated On : 29 Nov 2023 | 4:12 PM IST

Govt may ask 16th Finance Commission to include HDI, SDG in formula

Article 280 of the Constitution says that the President of India can constitute a Finance Commission to make recommendations regarding the distribution of tax proceeds between the Centre and states

Govt may ask 16th Finance Commission to include HDI, SDG in formula
Updated On : 24 Nov 2023 | 9:23 AM IST

Terms of reference row: Finance panel unleashes states' ire before award

Probably for the first time, the terms of reference (ToRs) of an FC have stirred a controversy

Terms of reference row: Finance panel unleashes states' ire before award
Updated On : 13 Apr 2018 | 7:46 AM IST