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

UPSC MAINS(GS-3 PAPER)-2020

  Q.1) Explain intergenerational and intragenerational issues of equity from the perspective of inclusive growth and sustainable growth. (Answer in 150 words) Q.2) Define potential GDP and its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? ( Answer in 150 words.) Q.3) What are the main constraints in transports and marketing of agricultural produce in India? ( Answer in 150 words.) Q.4) What are the challenges and opportunities in food processing sector in the country? How can income of the farmers can sustainably be increased by encouraging food processing? ( Answer in 150 words) Q.5) What do you understand by nanotechnology?  And how its helping in health sector? ( Answer in 150 words.) Q.6) How is science interwoven deeply with our lives? What are the striking changes in agriculture triggered off by science-based technologies? (Answer in 150 words) Q.7) How does the draft Environment Impact Assessment (EIA) Notification,...
Post a Comment
Read more

PSIR(PAPER-1) SYLLABUS

  Political Theory and Indian Politics : 1. Political Theory: meaning and approaches. 2. Theories of state : Liberal, Neo-liberal, Marxist, Pluiralist, post-colonial and Feminist 3. Justice : Conceptions of justice with special reference to Rawl’s theory of justice and its communitarian critiques. 4. Equality : Social, political and economic; relationship between equality and freedom; Affirmative action. 5. Rights : Meaning and theories; different kinds of rights; Concept of Human Rights. 6. Democracy : Classical and contemporary theories; different models of democracy—representative, participatory and deliberative. 7. Concept of power : hegemony, ideology and legitimacy. 8. Political Ideologies : Liberalism, Socialism, Marxism, Fascism, Gandhism and Feminism. 9. Indian Political Thought: Dharamshastra, Arthashastra and Buddhist Traditions; Sir Syed Ahmed Khan, Sri Aurobindo, M. K. Gandhi, B. R. Ambedkar, M. N. Roy. 10. Western Political Thought : Plato, Aristotle, Machiavelli, Hob...
Post a Comment
Read more