Who headed the 14th Finance Commission?
Who headed the 14th Finance Commission?
Dr. Y. V. Reddy
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.
When was the 14th Finance Commission appointed in India?
2 January 2013
The Fourteenth Finance Commission of India was a finance commission constituted on 2 January 2013. The commission’s chairman was former Reserve Bank of India governor Y. V. Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle, and AN Jha.
Who is the 15th Finance Commission Chairman of India?
Chairman Sh N K Singh
On 9 November 2020, the Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, submitted its report for the period 2021-22 to 2025-26 to the Hon’ble President of India.
What is the difference between 14th and 15th Finance Commission?
The 14th FC allocated only 4.31% of its divisible pool (₹2,87,436 crore) to the Local Government while allocating 30% (₹87,000 crores) to its municipalities. The 15th FC, on the other hand, has given 4.15% of this divisible pool (₹4,36,361 crore) to the local Government.
Who is chairman of 13th Finance Commission?
Dr. Vijay Kelkar
The Thirteenth Finance Commission (FC-XIII) was constituted by the President under Article 280 of the Constitution on 13 November 2007 to make recommendations for the period 2010-15. Dr. Vijay Kelkar was appointed the Chairman of the Commission.
Who is the present Finance Commission President?
The Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the Hon’ble President of India. Members of the Commission, Shri Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr.
What is 14th scheme?
14th Central Finance Commission has been started from 2015-16 and will continue up to 2019-20. Two parts of 14th CFC are Basic Grant and Performance Grant. Entire fund of two parts are earmarked for Gram Panchayat only. Normally a Gram Panchayat can get two instalments of Basic Grant in a financial year.
Who is Chairman of 13th Finance Commission?
What is Drishti IAS Finance Commission?
Finance Commission is a constitutional body under Article 280 created every five years to recommend the transfer of financial resources from the Centre to the States. The Commission also decides the principles on which grants-in-aid will be given to the States.
Who is the first Chairman of Finance Commission of India?
Shri K.C. Neogy
The First Finance Commission was constituted vide Presidential Order dated 22.11. 1951 under the chairmanship of Shri K.C. Neogy on 6th April, 1952.
Who are the member of 15th Finance Commission?
Members of the Commission, Shri Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand along with Secretary to the Commission ShriArvind Mehta accompanied the Chairman.
How do gram panchayat get funds?
The sources of funds for the Gram Panchayat are: Collection of taxes on houses, market places, etc. Government scheme funds received through the various departments of the government through the Janpad and Zila Panchayats. Donations for community works etc.
What is FFC in Panchayat?
Fourteenth Finance Commission(FFC) Ministry of Panchayati Raj Guidelines on permissible items of Technical and Administrative components( 10 %) of the FFC grants.
What is the 15th Finance Commission report?
The Commission observed that the recommended path for fiscal deficit for the centre and states will result in a reduction of total liabilities of: (i) the centre from 62.9% of GDP in 2020-21 to 56.6% in 2025-26, and (ii) the states on aggregate from 33.1% of GDP in 2020-21 to 32.5% by 2025-26.
Who is the chairman of 13th Finance Commission of India?
Who is the first UPSC chairman?
(vide Chapter 2)
| S. No. | Name | Date when took over charge |
|---|---|---|
| 1. | Sir Ross Barker | October, 1926 |
| 2. | Sir David Petrie | August, 1932 |
| 3. | Sir Eyre Gorden | 1937 |
| 4. | Sir F.W. Robertson | 1942 |