Report of the Eleventh Finance Commission
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Vividh Bharati Was Started on October 3, 1957 and Since November 1, 1967, Commercials Were Aired on This Channel
22 Mass Communication THE Ministry of Information and Broadcasting, through the mass communication media consisting of radio, television, films, press and print publications, advertising and traditional modes of communication such as dance and drama, plays an effective role in helping people to have access to free flow of information. The Ministry is involved in catering to the entertainment needs of various age groups and focusing attention of the people on issues of national integrity, environmental protection, health care and family welfare, eradication of illiteracy and issues relating to women, children, minority and other disadvantaged sections of the society. The Ministry is divided into four wings i.e., the Information Wing, the Broadcasting Wing, the Films Wing and the Integrated Finance Wing. The Ministry functions through its 21 media units/ attached and subordinate offices, autonomous bodies and PSUs. The Information Wing handles policy matters of the print and press media and publicity requirements of the Government. This Wing also looks after the general administration of the Ministry. The Broadcasting Wing handles matters relating to the electronic media and the regulation of the content of private TV channels as well as the programme matters of All India Radio and Doordarshan and operation of cable television and community radio, etc. Electronic Media Monitoring Centre (EMMC), which is a subordinate office, functions under the administrative control of this Division. The Film Wing handles matters relating to the film sector. It is involved in the production and distribution of documentary films, development and promotional activities relating to the film industry including training, organization of film festivals, import and export regulations, etc. -
Chapter 1 INTRODUCTION 1.1 the Thirteenth Finance Commission
1 Chapter 1 INTRODUCTION 1.1 The Thirteenth Finance Commission has the unique opportunity to review and draw inferences from nearly six decades of federalism in public finance management of the nation. Based on such inferences, a much needed course correction can be initiated, reversing a trend that has been eroding the very concept of fiscal federalism. Government of Kerala would earnestly plead for such a focus in the work of this Commission. 1.2 Articles of the Constitution between 268 and 275 have designed a well-structured system whereby States get benefit from the Centre’s taxation power. The purpose is clear from the wording of Article 275 which is the final residual Article in this structure. Aid to the revenues of States is what the makers of Constitution had in mind. This really gives Finance Commission the authority to deal with the entire area where States’ revenues are applied – not just one part like non-plan revenue account expenditure. But Commissions chose to confine themselves to that area (with only one exception in recent times – Second report of the Ninth Finance Commission covering the period 1990- 95). Over the years, somehow it came to be accepted that Finance Commissions’ main task is to try and balance the non-plan revenue account of Stat es. 1.3 Whenever Commissions chose (or were asked) to look into other aspects, it was either for providing supplementary provisions for developmental expenditure (like special problem grants) or admonish States and guide them out of what was perceived to be their fiscal imprudence. The administration of such condition based grants and debt relief schemes was entrusted with Central Government Ministries. -
Bcom Public Finance Eresource Part 1.Pdf
Finance commission of India Finance commission is a constitutional mandated body-article 280 of Indian constitution defines the scope of Finance commission Core to the fiscal federalism- India adopted the federal system and finance commission lay down the principles determining the distributions of economic powers at various levels of government The scope of The Commission The President will constitute a finance commission at the end of every fifth year or earlier, as the deemed necessary by him/her, which shall include a chairman and four other members. The commission is constituted to make recommendations to the president about the distribution of the net proceeds of taxes between the Union and States and also the allocation of the same amongst the States themselves. It is also under the ambit of the finance commission to define the financial relations between the Union and the States. They also deal with the devolution of unplanned revenue resources. Core Responsibilities of Finance Commission 1. To Evaluate the state of finances of the union and the state government and local governments also. 2. To recommend the sharing of tax revenue among the various levels of governments 3. To Lay down the principles determining the distribution of these taxes among states. 4. Any other which is decided by the president ofI ndia Continue ... Its working is characterized by extensive and intensive consultations with all levels of governments, thus strengthening the principle of cooperative federalism. Its recommendations are also geared towards improving the quality of public spending and promoting fiscal stability. The first Finance Commission was set up in 1951 and there have been fifteen so far. -
FUNDS RECOMMENDED by 12Th FINANCE COMMISSION and RELEASED by GOVT
FUNDS RECOMMENDED BY 12th FINANCE COMMISSION AND RELEASED BY GOVT. OF INDIA IN DIFFERENT YEARS (Rs. in Crores) Released by Recommendation Released by Recommendation Released by Recommendation Recommendation Released Recommendation Released by Recommendation Released by SL PURPOSES / SCHEMES GOI by of TFC GOI of TFC GOI of TFC of TFC by GOI of TFC GOI of TFC GOI (31.12.07) 2005-06 2006-07 2007-08 2008-09 2009-10 2005-10 1 Non-plan Revenue Deficit Grant. 488.04 488.04 0.00 0.00* 0.00 0.00 0.00 0.00 0.00 0.00 488.04 488.04 2 Central Share of Calamity Relief 226.16 226.16 232.68 232.68 239.53 239.53 246.73 324.50 254.27 0.00 1199.37 1022.87 3 Top up Grant for Education Sector 53.49 53.46 58.57 58.57 64.13 64.13 70.22 35.11 76.89 0.00 323.30 211.27 4 Top up Grant for Health Sector 31.22 31.22 34.81 34.81 38.81 19.41 43.28 21.64 48.25 0.00 196.37 107.08 5 Maintenance of Roads & Bridges. 0.00 0.00 368.77 368.77 368.77 368.77 368.77 368.77 368.77 0.00 1475.08 1106.31 6 Maintenance of Public Buildings. 0.00 0.00 97.28 97.28 97.28 97.28 97.29 48.65 97.29 0.00 389.14 243.21 7 Maintenance of Forests. 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 0.00 75.00 60.00 8 Heritage Conservation 0.00 0.00 12.50 12.50 12.50 12.50 12.50 9.37 12.50 0.00 50.00 34.37 9 State Specific Need (a+b) 0.00 0.00 42.50 40.50 42.50 3.75 42.50 46.44 42.50 0.00 170.00 131.44 a) Chilika Lake 0.00 0.00 7.50 7.50 7.50 3.75 7.50 11.44 7.50 0.00 30.00 26.44 b)Sewerage System for Bhubaneswar 0.00 0.00 35.00 33.00 35.00 0.00 35.00 35.00 35.00 0.00 140.00 105.00 10 Grants for local bodies. -
Political Economy of India's Fiscal and Financial Reform*
Working Paper No. 105 Political Economy of India’s Fiscal and Financial Reform by John Echeverri-Gent* August 2001 Stanford University John A. and Cynthia Fry Gunn Building 366 Galvez Street | Stanford, CA | 94305-6015 * Associate Professor, Department of Government and Foreign Affairs, University of Virginia 1 Although economic liberalization may involve curtailing state economic intervention, it does not diminish the state’s importance in economic development. In addition to its crucial role in maintaining macroeconomic stability, the state continues to play a vital, if more subtle, role in creating incentives that shape economic activity. States create these incentives in a variety of ways including their authorization of property rights and market microstructures, their creation of regulatory agencies, and the manner in which they structure fiscal federalism. While the incentives established by the state have pervasive economic consequences, they are created and re-created through political processes, and politics is a key factor in explaining the extent to which state institutions promote efficient and equitable behavior in markets. India has experienced two important changes that fundamentally have shaped the course of its economic reform. India’s party system has been transformed from a single party dominant system into a distinctive form of coalitional politics where single-state parties play a pivotal role in making and breaking governments. At the same time economic liberalization has progressively curtailed central government dirigisme and increased the autonomy of market institutions, private sector actors, and state governments. In this essay I will analyze how these changes have shaped the politics of fiscal and financial sector reform. -
Odisha Review Dr
Orissa Review * Index-1948-2013 Index of Orissa Review (April-1948 to May -2013) Sl. Title of the Article Name of the Author Page No. No April - 1948 1. The Country Side : Its Needs, Drawbacks and Opportunities (Extracts from Speeches of H.E. Dr. K.N. Katju ) ... 1 2. Gur from Palm-Juice ... 5 3. Facilities and Amenities ... 6 4. Departmental Tit-Bits ... 8 5. In State Areas ... 12 6. Development Notes ... 13 7. Food News ... 17 8. The Draft Constitution of India ... 20 9. The Honourable Pandit Jawaharlal Nehru's Visit to Orissa ... 22 10. New Capital for Orissa ... 33 11. The Hirakud Project ... 34 12. Fuller Report of Speeches ... 37 May - 1948 1. Opportunities of United Development ... 43 2. Implication of the Union (Speeches of Hon'ble Prime Minister) ... 47 3. The Orissa State's Assembly ... 49 4. Policies and Decisions ... 50 5. Implications of a Secular State ... 52 6. Laws Passed or Proposed ... 54 7. Facilities & Amenities ... 61 8. Our Tourists' Corner ... 61 9. States the Area Budget, January to March, 1948 ... 63 10. Doings in Other Provinces ... 67 1 Orissa Review * Index-1948-2013 11. All India Affairs ... 68 12. Relief & Rehabilitation ... 69 13. Coming Events of Interests ... 70 14. Medical Notes ... 70 15. Gandhi Memorial Fund ... 72 16. Development Schemes in Orissa ... 73 17. Our Distinguished Visitors ... 75 18. Development Notes ... 77 19. Policies and Decisions ... 80 20. Food Notes ... 81 21. Our Tourists Corner ... 83 22. Notice and Announcement ... 91 23. In State Areas ... 91 24. Doings of Other Provinces ... 92 25. Separation of the Judiciary from the Executive .. -
Chapter 3.Pmd
CHAPTER 3 Issues and Approach Introduction considerations in mind while undertaking its core task. Thus, the Thirteenth Finance Commission 3.1 The overall task of the Finance has to take account of: Commission is to discharge the mandate laid down in articles 270, 275 and 280 of the i) The need to balance the receipts and Constitution, consistent with the principles of expenditure on revenue account of all the federal finance, taking into account the current states and the Union and generating and likely future macroeconomic and fiscal surpluses for capital investment. scenarios, so as to secure fiscal stability and ii) The impact of the proposed adequate resource availability for the Centre, the states and the local bodies. implementation of the Goods and Services Tax (GST) from 1 April 2010, including its 3.2 The Presidential orders that provide the impact on the country’s foreign trade. Terms of Reference (ToR) for the Thirteenth Finance Commission can be viewed as setting iii) The need to improve the quality of public the Commission three different types of tasks. expenditure. The first or ‘core’ task of the Commission is to iv) The need to manage ecology, environment recommend distribution, between the Union and climate change consistent with and the states, of the net proceeds of taxes to sustainable development. be divided between them under Chapter I, Part XII of the Constitution of India, commonly v) The need to ensure commercial viability termed as the ‘divisible pool’. Second, the of public sector and departmental Commission has also to recommend the undertakings, as also of irrigation and allocation between the states of such proceeds. -
Weekly GK Banking Capsule 2019 1
Weekly GK Banking Capsule 2019 1 | P a g e Weekly GK Banking Capsule 2019 WEEKLY GENERAL KNOWLEDGE BANKING & FINANCE CAPSULE (3rd to 9th March 2019) Banking News Intelligence and other technological capabilities of Hitachi AIIB approves loan for Andhra Pradesh Rural Roads Project. to SBI Payment Services. A loan agreement of USD 455 million was signed India and World Bank Signs Loan Agreement. between the Asian Infrastructure Investment Bank (AIIB) The Government of India, the State Government of and the Government of India for financing the Andhra Chhattisgarh and the World Bank signed a $25.2 Million Pradesh Rural Roads Projects. Loan Agreement to support the State’s Reforms in These projects will connect 3,300 habitations with a Expenditure Management. population of more than 250, and benefit around 2 The Chhattisgarh Public Financial Management and million people. Accountability Program, which is the First Bank-Financed It is the third project in Andhra Pradesh signed by the State-Level Project in Chhattisgarh in nearly a decade, AIIB after two projects in Power Sector and Water will also help the State strengthen its Direct Benefit Sector. Transfer (DBT) and Tax Administration Systems. This support will cover Expenditure Planning, Investment Asian Infrastructure Investment Bank Management, Budget Execution, Public Procurement, President: Jin Liquin and Accountability. Headquarters: Beijing, China India signs loan agreement with World Bank for Uttarakhand Disaster Recovery Project. SBI and Hitachi jointly launched digital payments platform. India has signed a loan agreement with the World Bank for State Bank of India (SBI) and Hitachi Payment Services Pvt 96 Million US dollars for additional financing of Ltd, a wholly-owned subsidiary of Hitachi Ltd has launched Uttarakhand Disaster Recovery Project. -
West Bengal: Election Manifesto
Spectrum to a handful of chosen corporate houses during the last two years ? How could he approve of wrongful appointment of a The Perspective person, himself accused of corruption charges, in the post of CVC., who is supposed to oversee the cases of corruption in Government The 15th State Assembly Election in West Bengal is being held in departments ? How under the nose of Prime Minter’s office, ISRO’s the backdrop of an unprecedented worldwide economic crisis with tainted S-Band Spectrum lease-deal could be finalized ? No honest its adverse impact on the Indian economy. The hegemonistic western reply to these questions is available with the Prime Minster. capitalist countries led by US imperialists have been shifting the In regard to India-US relation and national economic policy, there onus of crisis on to the Indian people. India’s Central Government is is little difference between Congress and BJP. In the record of unabashedly succumbing to their pressures. The Central corruption, BJP does not lag behind. Besides, under the protective Government’s ‘Look East Policy’ has been transformed brazenly umbrella of Sangh Parivar, Hindu fundamentalist activities are now into ‘Open-up to the West Policy.’ Inflation, speculative money and being carried on in broad daylight. The Congress appears to be in future trading are being imported from abroad, while Indian peoples’ compromising mood with it. daily necessities, such as cereals, sugar, onion etc. are being The Trinamool Congress was first with BJP-led NDA and is now exported overseas. In the last Union Budget subsidies on foodgrains, with Congress-led UPA-II governments at Centre. -
A Mighty Adventure': Institutionalising the Idea of Planning in Post-Colonial India, 1947- 60 Author(S): Medha Kudaisya Source: Modern Asian Studies, Vol
'A Mighty Adventure': Institutionalising the Idea of Planning in Post-Colonial India, 1947- 60 Author(s): Medha Kudaisya Source: Modern Asian Studies, Vol. 43, No. 4 (Jul., 2009), pp. 939-978 Published by: Cambridge University Press Stable URL: http://www.jstor.org/stable/40284916 Accessed: 11-09-2016 13:51 UTC JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms Cambridge University Press is collaborating with JSTOR to digitize, preserve and extend access to Modern Asian Studies This content downloaded from 115.184.41.220 on Sun, 11 Sep 2016 13:51:40 UTC All use subject to http://about.jstor.org/terms Modern Asian Studies 43, 4 (2009) pp. 939-978. © 2008 Cambridge University Press doi: 10.101 7/S0026749X07003460 First published online 9 October 2008 CA Mighty Adventure': Institutionalising the Idea of Planning in Post-colonial India, 1 9 4 7- 60 MEDHA KUDAISYA National University of Singapore Email: [email protected] Abstract This essay examines the Indias' political leadership's romantic engagement with the idea of developmental planning in post-colonial India between 1947 and i960. It looks at the experience of planning in India between 1947 and i960. It explores some of the early ideas about developmental planning and the setting up of the Planning Commission in March 1950. -
Dear Aspirant with Regard
DEAR ASPIRANT HERE WE ARE PRESENTING YOU A GENRAL AWERNESS MEGA CAPSULE FOR IBPS PO, SBI ASSOT PO , IBPS ASST AND OTHER FORTHCOMING EXAMS WE HAVE UNDERTAKEN ALL THE POSSIBLE CARE TO MAKE IT ERROR FREE SPECIAL THANKS TO THOSE WHO HAS PUT THEIR TIME TO MAKE THIS HAPPEN A IN ON LIMITED RESOURCE 1. NILOFAR 2. SWETA KHARE 3. ANKITA 4. PALLAVI BONIA 5. AMAR DAS 6. SARATH ANNAMETI 7. MAYANK BANSAL WITH REGARD PANKAJ KUMAR ( Glory At Anycost ) WE WISH YOU A BEST OF LUCK CONTENTS 1 CURRENT RATES 1 2 IMPORTANT DAYS 3 CUPS & TROPHIES 4 4 LIST OF WORLD COUNTRIES & THEIR CAPITAL 5 5 IMPORTANT CURRENCIES 9 6 ABBREVIATIONS IN NEWS 7 LISTS OF NEW UNION COUNCIL OF MINISTERS & PORTFOLIOS 13 8 NEW APPOINTMENTS 13 9 BANK PUNCHLINES 15 10 IMPORTANT POINTS OF UNION BUDGET 2012-14 16 11 BANKING TERMS 19 12 AWARDS 35 13 IMPORTANT BANKING ABBREVIATIONS 42 14 IMPORTANT BANKING TERMINOLOGY 50 15 HIGHLIGHTS OF UNION BUDGET 2014 55 16 FDI LLIMITS 56 17 INDIAS GDP FORCASTS 57 18 INDIAN RANKING IN DIFFERENT INDEXS 57 19 ABOUT : NABARD 58 20 IMPORTANT COMMITTEES IN NEWS 58 21 OSCAR AWARD 2014 59 22 STATES, CAPITAL, GOVERNERS & CHIEF MINISTERS 62 23 IMPORTANT COMMITTEES IN NEWS 62 23 LIST OF IMPORTANT ORGANIZATIONS INDIA & THERE HEAD 65 24 LIST OF INTERNATIONAL ORGANIZATIONS AND HEADS 66 25 FACTS ABOUT CENSUS 2011 66 26 DEFENCE & TECHNOLOGY 67 27 BOOKS & AUTHOURS 69 28 LEADER”S VISITED INIDIA 70 29 OBITUARY 71 30 ORGANISATION AND THERE HEADQUARTERS 72 31 REVOLUTIONS IN AGRICULTURE IN INDIA 72 32 IMPORTANT DAMS IN INDIA 73 33 CLASSICAL DANCES IN INDIA 73 34 NUCLEAR POWER -
General Knowledge Objective Quiz
Brilliant Public School , Sitamarhi General Knowledge Objective Quiz Session : 2012-13 Rajopatti,Dumra Road,Sitamarhi(Bihar),Pin-843301 Ph.06226-252314,Mobile:9431636758 BRILLIANT PUBLIC SCHOOL,SITAMARHI General Knowledge Objective Quiz SESSION:2012-13 Current Affairs Physics History Art and Culture Science and Technology Chemistry Indian Constitution Agriculture Games and Sports Biology Geography Marketing Aptitude Computer Commerce and Industries Political Science Miscellaneous Current Affairs Q. Out of the following artists, who has written the book "The Science of Bharat Natyam"? 1 Geeta Chandran 2 Raja Reddy 3 Saroja Vaidyanathan 4 Yamini Krishnamurthy Q. Cricket team of which of the following countries has not got the status of "Test" 1 Kenya 2 England 3 Bangladesh 4 Zimbabwe Q. The first Secretary General of the United Nation was 1 Dag Hammarskjoeld 2 U. Thant 3 Dr. Kurt Waldheim 4 Trygve Lie Q. Who has written "Two Lives"? 1 Kiran Desai 2 Khushwant Singh 3 Vikram Seth 4 Amitabh Gosh Q. The Headquarters of World Bank is situated at 1 New York 2 Manila 3 Washington D. C. 4 Geneva Q. Green Revolution in India is also known as 1 Seed, Fertiliser and irrigation revolution 2 Agricultural Revolution 3 Food Security Revolution 4 Multi Crop Revolution Q. The announcement by the Nuclear Power Corporation of India Limited Chairmen that India is ready to sell Pressurised 1 54th Conference 2 53rd Conference 3 51st Conference 4 50th Conference Q. A pension scheme for workers in the unorganized sector, launched recently by the Union Finance Ministry, has been named 1 Adhaar 2 Avalamb 3 Swavalamban 4 Prayas Q.