Dr. Y. V. Reddy, former Governor of the Reserve Bank of India, was appointed as the Chairman of the 14th Finance Commission. The Commission was constituted in January 2013 and submitted its report in December 2014, covering the period from April 1, 2015 to March 31, 2020.
Who among the following is the Chairman of the Fourteenth Finance Commission?
Asked in UPSC CDS 2 2016 · Topic: Fiscal Policy & Revenue (Fiscal Federalism: Centre-state financial relations and Finance Commissions)
More Economic Development questions
- Which one of the following criteria got the highest weight for determination of shares of States in the formula given by the 14th Finance Commission?
- Gadgil formula was introduced for devolution of tax revenue from the Centre to the States for the first time in the year _____.
- As per 13th Finance Commission Recommendations during 2010-15, transfers to the states in the form of 'grant-in-aid' are expected to be :
- The recommendation of the 14th Finance Commission for increase the share of net proceeds of union taxes between centre to states has been fixed at
- Arrange the following in increasing order of their percentage of contribution to GSDP 2023-24: (a) State taxes (b) Share of Central taxes (c) Grants from Centre (d) Non-tax revenue Choose the correct answer from the options given below :
- In accordance with the recommendation of the 15th Finance Commission, states will be allowed a fiscal deficit of 4.0% of GSDP of which 0.5% will be tied to reform the following sector.
- Consider the following statements in relation to the RBI's working paper “States' Fiscal Performance and Yield Spreads on Market Borrowings in India”, released in January 2023 :
- According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be