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What is 15th Finance Commission Notes about?

The 15th Finance Commission, chaired by Mr. N. K. Singh, has recommended a total grant of Rs 10.33 lakh crore for 2021-26, with states receiving a 41% share in central taxes, down from 42% due to provisions for newly formed Union Territories. Key criteria for tax devolution include Income Distance, Population, and Demographic Performance, with specific grants allocated for local bodies, health, and disaster management. The fiscal roadmap sets a target of 4% of GDP for the Centre and 3% of GSDP for states by

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apeksharawat555

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