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

[DOWNLOAD]UPSC PRELIMS (PAPER-1)

Post a Comment
Read more

PSIR OPTIONAL (PAPER-2)2020 UPSC

  Section A 1. Answer the following in about 150 words each: (10 X 5 = 50 Marks ) A. Discuss the subject matter of comparative politics. Outline the limitations of comparative political analysis. B. Analyse the contribution of liberal democratic principles in the democratization of Indian polity. C. Has the increased participation of the underprivileged in the political process of the developing societies strengthened democracy or created political chaos and conflict? Comment. D. Critically examine the impact of the process of globalization from the perspective of the countries of the Global South. E. What are the core assumptions of idealism as an approach to study International Relations? Explain its continuing relevance in peace building. 2. A. Explain the concept of balance of power. What are the various techniques of maintaining balance of power? (20 Marks) B. Enumerate the challenges In the operation of the principles related to collective security in the UN Charter. (15 Marks) C
Post a Comment
Read more

BANKING REGULATION (AMANDEMENT) ACT,2020

 The Banking Regulation Act has been amended by the Banking Regulation (Amendment) Act, 2020. The key changes in the regulatory regime of UCBs pursuant to the Banking Regulation (Amendment) Act, 2020 are as under:  • The Reserve Bank has been given powers over the management of the UCBs, owing to which it can issue directions relating to the management of UCBs including approval for appointment of Chairman / MD / CEO, removal and remuneration of MD / CEO. Further, the Board of UCBs would be required to have not less than 51 per cent members having special knowledge / practical experience in specified areas.  • The statutory restriction on grant of director-related loans/ advances has been widened and common directorship across banks shall be prohibited as per the provisions of the amended Act.  • The Reserve Bank has been vested with powers of approval of the appointment / removal of statutory auditors of UCBs.   • Provisions of the revised Act will enable UCBs to raise capital by i
Post a Comment
Read more