http://www.arthapedia.in/index.php?title=State_Finance_Commissions&feed=atom&action=historyState Finance Commissions - Revision history2024-03-28T12:36:42ZRevision history for this page on the arthapediaMediaWiki 1.17.0http://www.arthapedia.in/index.php?title=State_Finance_Commissions&diff=902&oldid=prevArthapedia at 12:22, 3 October 20112011-10-03T12:22:48Z<p></p>
<table style="background-color: white; color:black;">
<col class='diff-marker' />
<col class='diff-content' />
<col class='diff-marker' />
<col class='diff-content' />
<tr valign='top'>
<td colspan='2' style="background-color: white; color:black;">← Older revision</td>
<td colspan='2' style="background-color: white; color:black;">Revision as of 12:22, 3 October 2011</td>
</tr><tr><td colspan="2" class="diff-lineno">Line 51:</td>
<td colspan="2" class="diff-lineno">Line 51:</td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:srik_ambi@yahoo.com srik_ambi@yahoo.com]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:srik_ambi@yahoo.com srik_ambi@yahoo.com]</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>[[Category:concepts]]</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>[[Category:concepts<ins class="diffchange diffchange-inline">|StateFinanceCommissions</ins>]]</div></td></tr>
</table>Arthapediahttp://www.arthapedia.in/index.php?title=State_Finance_Commissions&diff=482&oldid=prevArthapedia at 08:11, 30 August 20112011-08-30T08:11:21Z<p></p>
<table style="background-color: white; color:black;">
<col class='diff-marker' />
<col class='diff-content' />
<col class='diff-marker' />
<col class='diff-content' />
<tr valign='top'>
<td colspan='2' style="background-color: white; color:black;">← Older revision</td>
<td colspan='2' style="background-color: white; color:black;">Revision as of 08:11, 30 August 2011</td>
</tr><tr><td colspan="2" class="diff-lineno">Line 48:</td>
<td colspan="2" class="diff-lineno">Line 48:</td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>==Contributed by==</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>==Contributed by==</div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>*[http://www.ies.gov.in/myaccount-profile-view.php?memid=404 Srikanth <del class="diffchange diffchange-inline">Ambi</del>, IES(2008)]</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>*[http://www.ies.gov.in/myaccount-profile-view.php?memid=404 <ins class="diffchange diffchange-inline">V. </ins>Srikanth, IES(2008)]</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:srik_ambi@yahoo.com srik_ambi@yahoo.com]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:srik_ambi@yahoo.com srik_ambi@yahoo.com]</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:concepts]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:concepts]]</div></td></tr>
</table>Arthapediahttp://www.arthapedia.in/index.php?title=State_Finance_Commissions&diff=398&oldid=prevV.srikanth: Created page with "<p>In India, decentralization reforms, aimed at empowering local people through local governments, assumed significance in early 1990s. Though the Panchayats and the municipali..."2011-08-25T02:04:19Z<p>Created page with "<p>In India, decentralization reforms, aimed at empowering local people through local governments, assumed significance in early 1990s. Though the Panchayats and the municipali..."</p>
<p><b>New concept</b></p><div><p>In India, decentralization reforms, aimed at empowering local people through <br />
local governments, assumed significance in early 1990s. Though the Panchayats <br />
and the municipalities (rural local bodies and the urban local bodies) existed <br />
even before the 73rd and 74th amendment of the Constitution in the year 1993, <br />
these amendments provided an impetus to the decentralisation process through a <br />
system of self-government for the panchayats and municipalities and devolve <br />
greater powers, functions and authority to them. It also envisaged the <br />
panchayats and municipalities as an institution of self-government. These <br />
amendments also underscored the organic link in the public finances of the <br />
multi-layered federal polity in India. The devolution of financial resources to <br />
these bodies was ensured through periodic constitution of the <b>State Finance <br />
Commissions (SFCs).</b></p><br />
<p>Articles 243 (I) and 243 (Y) of the Constitution spelt out the task of SFCs. <br />
Accordingly, SFCs are required to recommend (a) the principles that should <br />
govern the distribution between the State on the one hand and the local bodies <br />
on the other of the net proceeds of taxes, etc. leviable by the state and the <br />
inter-se allocation between different panchayats and municipalities, (b) the <br />
determination of taxes, duties, tolls and fees which may be assigned to, or <br />
appropriated by the local bodies, and (c) grants-in-aid from the consolidated <br />
fund of the State to the local bodies. SFCs are also required to suggest the <br />
measures needed to improve the financial position of the panchayats and <br />
municipalities. The importance of the SFCs in the scheme of fiscal <br />
decentralization is that besides arbitrating on the claims to resources by the <br />
state government and the local bodies, their recommendations would impart <br />
greater stability and predictability to the transfer mechanism. <br><br />
So far, three SFCs have submitted their reports in most of the States. These <br />
cover different time period. The convention established at the national level of <br />
accepting the principal recommendations of the central finance commission <br />
without modification, is not being followed in the states. Often, even the <br />
accepted recommendations are not fully implemented due to resource constraints. <br />
There is no synchronization of the periods covered by the reports of SFCs with <br />
that of the central finance commission, which affects the central finance <br />
commission in assessing the resource required to state governments to supplement <br />
the resources of the panchayats and municipalities. </p><br />
<br />
<br />
==References==<br />
#Reports of the Tenth, Eleventh, Twelfth and Thirteenth Finance Commission.<br />
#http://fincomindia.nic.in/ShowContentOne.aspx?id=16&amp;Section=1<br />
#http://fincomindia.nic.in/ShowContentOne.aspx?id=28&amp;Section=1<br />
#http://fincomindia.nic.in/ShowContentOne.aspx?id=28&amp;Section=1(Annexure 10.2)<br />
#http://fincomindia.nic.in/ShowContentOne.aspx?id=8&amp;Section=1<br />
#http://fincomindia.nic.in/writereaddata/html_en_files/11threport.pdf<br />
#http://fincomindia.nic.in/ShowContentOne.aspx?id=8&amp;Section=1<br />
#RBI’s Report on State Finances – A study of Budgets 2010-11<br />
#http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/7CHSF280311.pdf<br />
<br />
<br />
==Contributed by==<br />
*[http://www.ies.gov.in/myaccount-profile-view.php?memid=404 Srikanth Ambi, IES(2008)]<br />
*Email- [mailto:srik_ambi@yahoo.com srik_ambi@yahoo.com]<br />
<br />
[[Category:concepts]]</div>V.srikanth