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Challenges before the 15th Finance commission (in Tamil)
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In this lesson we going to see the following - Challenges before the 15th finance commission

Gowtham V is teaching live on Unacademy Plus

Gowtham V
Mechanical Engineer - Mentor for competitive exam aspirants - Science Teacher - TNPSC mentor at 'Kalam Vision Academy'

U
Unacademy user
awesome teaching ability you have got sir..thank you for teaching us
  1. FINANCE COMMISSION PART 6 FOR TNPSC, UPSC, SSC and other exams


  2. What we have seen so far.. What is finance commission What is its composition What is the eligibility for its members What are its functions What are the important finance commission recommendations so far Important terms related to finance commission


  3. What we are going to see.. Recent article about finance commission in The Hindu


  4. The Hindu: 06-Dec-2016 Article: New India Formula - The 15th finance commission's job will be tricky especially in the time of GST


  5. 15th commission was set up recently Chairman - N.K Singh To recommend a fiscal road map and sharing of resources between centre and state The commission held its first meeting on Dec 3rd 2017 To discuss the 'terms of reference' and to discuss with various stake holders and political partices They will disuss with think tanks and academics


  6. They need to submit their report on October 2019 VTheir recomendations will be implemented for the period of April 2020 to March 2025, thus giving 6 months time for government to consider the recommendations. P.S- 14th finance commission recommended 42% tax devolution to the states and it was accepted by the Centre


  7. Challenges before the 15th finance commission: V They should keep in mind the various schemes by centre government which aims in creating a New India by 2022 V Need to consider the amount to be spent of Defence, climate change, security and infrastructure The center have to give comepensation to the states for any loss of revenue arise due to the implementation of GST, upto April 2022 Therefore the 15th FC have to find one formula by considering this until april 2022 and another fromula for the period till March 2022 V They need to consider giving incentives to states based on their development goals and performance in controlling populatiorn growth, successful implementation and deepening of GST, and improving the ease of doing business.


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