Population data is a key determinant in the horizontal devolution formula of the Finance Commission, influencing the distribution of shared taxes among states. The shift to 2011 data by the 14th FC marked a significant change in this methodology.
Population data of the year 2011 was first introduced in the tax devolution formula for sharing Union tax revenue with the States by
Asked in UPSC CAPF 2024 · Topic: Fiscal Policy & Revenue (Fiscal Federalism: Centre-state financial relations and Finance Commissions)
More Economic Development questions
- Main agency to resolve the fiscal dispute between the Centre and States is :
- According to theTenth Finance Commission the share of resources to be share of resources to be transferred to States from the divisible pool will be :
- States in Indian Union will receive at last what part of the following percentage of Central Tax under 13th Finance Commission recommendations ?
- The period of recommendations made by Thirteenth Finance Commission is
- Which one of the following has been assigned the highest wieghtage by the Thirteenth Finance Commission of India while recommending devolution of Union taxes amongst States ?
- What percentage of central tax revenue has been recommended for allocation to the States by the Thirteenth Finance Commission ?
- Match List-I with List-II and select the correct answer by using the code given below : List-II List-I Finance Commission Chairman
- Who is the Chairman of the 14th Finance Commission?