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What is Eighth Finance Commission Terms of Reference about?

The Eighth Finance Commission is tasked with recommending the distribution of tax proceeds between the Union and States, principles for grants-in-aid, and assessing the revenue needs of States. It will consider various factors including Central Government resources, existing fiscal practices, and the revenue capabilities of States up to 1988-89. Additionally, the Commission will evaluate the non-plan capital gap of States and suggest improvements for financing relief expenditures for those affected by natur

Author

pbhai402

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EN