Skip to main content

NK SINGH(Head of 15th finance commission) recommendation on centre-state relation

 You may wonder what is the utility of his recommendation in UPSC. However if You seriously went through toppers copy and previous year question paper, you may find it useful. It can be used in giving recommendation in essay related to centre-state and GS-2 paper. Besides it also provide us with insight about the and new perspective to see this issue.

Having said that what are his recommendation?

  1. Rationalisation of central sponsored scheme( currently there are around 211 scheme and sub-scheme under 29 core umbrella scheme costing around 1.2% of GDP).
  2. A high powered committee need to be established to have a relook on schedule 7 of the constitution. The committee need to take into account change in technology, global interdependence and national priorities.
  3. The fiscal deficit target need to be set based on Expenditure outcome rather than point based target.
  4. States keen to have different kind of consultative forum beyond NITI AYOG and NDC. Hence we need to give serious consideration for consultative forum for credible policy dialogue between centre-state.
  5. Coordination mechanism between finance commission and GST Council become a necessity as both deal with revenue.( while Finance commission looks at projection of expenditure and revenue, GST Council fix rate on indirect taxes. Hence a coordination between the Two needed to monitor, scrutinise and optimise revenue target).
  6. The idea of linking central grant to state meeting specific reform outcome is a good step.


To see PK MOHANTY committe recommendation on Bank and NBFC click here--->

RBI committee on coporate and nbfc

TO read about Coporate in bank issues, challenges and prospect click here---->

corporate-as-bank-prospect-issue



Labels:

Comments

Post a Comment

Popular posts from this blog

Preliminary exam

PAPER-1   (200 marks)                      DURATION TWO HOURS Current events of national and international importance History of Indian National Movement Indian and WORLD Geography-Physical,Social,Economic Geography of Indian the World Indian Polity and Governance-Constitution, Political System, Panchayati Raj,Public Policy,Right Issues etc Economic and Social Development,Poverty,Inclusion,Demographic,Social Sector Initiatives etc General issues on Environment ecology,Biodiversity and Climate Change- that do not require subjective specialization General Science PAPER-2                                                                                    DURATION TWO HOURS Comprehension Interpersonal skills including co...
1 comment
Read more

GENERAL STUDIES-3(MAINS EXAM)

  TECHNOLOGY, ECONOMIC DEVELOPMENT, BIO-DIVERSITY, ENVIRONMENT, SECURITY AND DISASTER MANAGEMENT:- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Inclusive growth and issue arising from it. Government Budgeting Major crops-cropping patterns in various parts of the country, - different types of irrigation and irrigation systems storage, transport and marketing of agricultural produce and issues and related constraints; e-technology in the aid of farmers. Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives, functioning, limitations, revamping; issues of buffer stocks and food security; Technology missions; economics of animal-rearing. Food processing and related industries in India- scope’ and significance, location, upstream and downstream requirements, supply chain management. Land reforms in India. Effects of liberalization on the economy, changes in...
Post a Comment
Read more

GENERALSTUDIES-4(UPSC)

  Ethics, Integrity and Aptitude This paper will include questions to test the candidates’ attitude and approach to issues  relating to integrity, probity in public life and his problem solving approach to various issues and  conflicts faced by him in dealing with society. Questions may utilise the case study approach to  determine these aspects. The following broad areas will be covered : Ethics and Human Interface: Essence, determinants and consequences of Ethics in-human actions; dimensions of ethics; ethics - in private and public relationships. Human Values -lessons from the lives and teachings of great leaders, reformers and administrators; role of family society and educational institutions in inculcating values. Attitude: content, structure, function; its influence and relation with thought and behaviour; moral and political attitudes; social influence and persuasion.  Aptitude and foundational values for Civil Service, integrity, impartiality and non-p...
Post a Comment
Read more