The Finance Commission is a constitutional body in India. It is established every five years. Its primary role is to recommend the distribution of tax revenues between the central and state governments. The Commission also advises on grants-in-aid to states. It aims to ensure fiscal stability and equitable resource allocation. This body plays a crucial role in India's financial governance.
The 16th Finance Commission (FC), chaired by Dr. Arvind Panagariya, has submitted its recommendations for the award period 2026–31, and the Union government has accepted its proposals on...
Amid the din around the Union Budget, trade negotiations with the US and the EU, and the rupee’s fluctuations, two developments with far-reaching implications for India’s federal economy...
The 16th Finance Commission’s (FC) recommendations on vertical devolution have reignited an old but unresolved debate in Indian federalism: are States being fairly compensated for their constitutional responsibilities,...
The Sixteenth Finance Commission of India was recently convened in Tamil Nadu, chaired by Arvind Panagariya. This meeting is crucial as it addresses fiscal challenges facing the nation....
The Fifteenth Finance Commission (XV FC) has initiated funding for Rural Local Bodies (RLBs) in various states, including Haryana, Tripura, and Mizoram, during the financial year 2024–25. This...
