Economy-UPSC notes

15th Finance Commission (2021-2026) for UPSC: Key Recommendations

15th Finance Commission, chaired by N.K. Singh, addressed emerging challenges like fiscal stress due to GST implementation and the COVID-19 pandemic w

15th Finance Commission (2021-2026): Key Recommendations The 15th Finance Commission, chaired by N.K. Singh, addressed emerging challenges like fiscal stress due to GST implementation and the COVID-19 pandemic while balancing the financial needs of the Centre and states. Recommendations: Vertical Devolution: Retained the share of states in the divisible pool at 41% , adjusting for the new Union Territory status of Jammu & Kashmir. Horizontal Devolution Formula: Included factors like population (2011 Census), area, income distance, forest cover, and demographic performance to allocate resources among states. Grants to Local Bodies: Allocated ₹4.36 lakh crores, with a portion linked to performance. Grants for smaller towns (<1 million population) included basic funds, while larger cities had performance-linked grants under the Million-Plus Cities Challenge Fund , focusing on air quality, water supply, and waste management. Fiscal Deficit Targets: Recommended a gradual reduction of fiscal defi…

Post a Comment

<script type="text/javascript" src="https://www.blogger.com/static/v1/widgets/382300504-widgets.js"></script>
<script type='text/javascript'>
window['__wavt'] = 'AOuZoY5CLtH0uvPcBDyk-gkMrZMfXzxkbw:1766830206749';_WidgetManager._Init('//www.blogger.com/rearrange?blogID\x3d1451772555531242736','//targetiaskannada.blogspot.com/2024/12/15th-finance-commission-for-upsc-2021-2026.html?amp\x3d1','1451772555531242736');
_WidgetManager._SetDataContext([{'name': 'blog', 'data': {'blogId': '1451772555531242736', 'title': 'Target IAS Kannada', 'url': 'https://targetiaskannada.blogspot.com/2024/12/15th-finance-commission-for-upsc-2021-2026.html?amp\x3d1', 'canonicalUrl': 'https://targetiaskannada.blogspot.com/2024/12/15th-finance-commission-for-upsc-2021-2026.html', 'homepageUrl': 'https://targetiaskannada.blogspot.com/?amp\x3d1', 'searchUrl': 'https://targetiaskannada.blogspot.com/search', 'canonicalHomepageUrl': 'https://targetiaskannada.blogspot.com/', 'blogspotFaviconUrl': 'https://targetiaskannada.blogspot.com/favicon.ico', 'bloggerUrl': 'https://www.blogger.com', 'hasCustomDomain': false, 'httpsEnabled': true, 'enabledCommentProfileImages': true, 'gPlusViewType': 'FILTERED_POSTMOD', 'adultContent': false, 'analyticsAccountNumber': 'G-6FBLE4DY0T', 'analytics4': true, 'encoding': 'UTF-8', 'locale': 'en-GB', 'localeUnderscoreDelimited': 'en_gb', 'languageDirection': 'ltr', 'isPrivate': false, 'isMobile': false, 'isMobileRequest': false, 'mobileClass': '', 'isPrivateBlog': false, 'isDynamicViewsAvailable': true, 'feedLinks': '\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/posts/default\x22 /\x3e\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/rss+xml\x22 title\x3d\x22Target IAS Kannada - RSS\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/posts/default?alt\x3drss\x22 /\x3e\n\x3clink rel\x3d\x22service.post\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://www.blogger.com/feeds/1451772555531242736/posts/default\x22 /\x3e\n\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/7500132604717915648/comments/default\x22 /\x3e\n', 'meTag': '', 'adsenseClientId': 'ca-pub-1731467504659913', 'adsenseHostId': 'ca-host-pub-1556223355139109', 'adsenseHasAds': true, 'adsenseAutoAds': true, 'boqCommentIframeForm': true, 'loginRedirectParam': '', 'view': '', 'dynamicViewsCommentsSrc': '//www.blogblog.com/dynamicviews/4224c15c4e7c9321/js/comments.js', 'dynamicViewsScriptSrc': '//www.blogblog.com/dynamicviews/daef15016aa26cab', 'plusOneApiSrc': 'https://apis.google.com/js/platform.js', 'disableGComments': true, 'interstitialAccepted': false, 'sharing': {'platforms': [{'name': 'Get link', 'key': 'link', 'shareMessage': 'Get link', 'target': ''}, {'name': 'Facebook', 'key': 'facebook', 'shareMessage': 'Share to Facebook', 'target': 'facebook'}, {'name': 'BlogThis!', 'key': 'blogThis', 'shareMessage': 'BlogThis!', 'target': 'blog'}, {'name': 'X', 'key': 'twitter', 'shareMessage': 'Share to X', 'target': 'twitter'}, {'name': 'Pinterest', 'key': 'pinterest', 'shareMessage': 'Share to Pinterest', 'target': 'pinterest'}, {'name': 'Email', 'key': 'email', 'shareMessage': 'Email', 'target': 'email'}], 'disableGooglePlus': true, 'googlePlusShareButtonWidth': 0, 'googlePlusBootstrap': '\x3cscript type\x3d\x22text/javascript\x22\x3ewindow.___gcfg \x3d {\x27lang\x27: \x27en_GB\x27};\x3c/script\x3e'}, 'hasCustomJumpLinkMessage': false, 'jumpLinkMessage': 'Read more', 'pageType': 'item', 'postId': '7500132604717915648', 'pageName': ' 15th Finance Commission (2021-2026) for UPSC: Key Recommendations', 'pageTitle': 'Target IAS Kannada:  15th Finance Commission (2021-2026) for UPSC: Key Recommendations', 'metaDescription': '15th Finance Commission, chaired by N.K. Singh, addressed emerging challenges like fiscal stress due to GST implementation and the COVID-19 pandemic w'}}, {'name': 'features', 'data': {}}, {'name': 'messages', 'data': {'edit': 'Edit', 'linkCopiedToClipboard': 'Link copied to clipboard', 'ok': 'Ok', 'postLink': 'Post link'}}, {'name': 'template', 'data': {'name': 'custom', 'localizedName': 'Custom', 'isResponsive': true, 'isAlternateRendering': false, 'isCustom': true}}, {'name': 'view', 'data': {'classic': {'name': 'classic', 'url': '?view\x3dclassic'}, 'flipcard': {'name': 'flipcard', 'url': '?view\x3dflipcard'}, 'magazine': {'name': 'magazine', 'url': '?view\x3dmagazine'}, 'mosaic': {'name': 'mosaic', 'url': '?view\x3dmosaic'}, 'sidebar': {'name': 'sidebar', 'url': '?view\x3dsidebar'}, 'snapshot': {'name': 'snapshot', 'url': '?view\x3dsnapshot'}, 'timeslide': {'name': 'timeslide', 'url': '?view\x3dtimeslide'}, 'isMobile': false, 'title': ' 15th Finance Commission (2021-2026) for UPSC: Key Recommendations', 'description': '15th Finance Commission, chaired by N.K. Singh, addressed emerging challenges like fiscal stress due to GST implementation and the COVID-19 pandemic w', 'url': 'https://targetiaskannada.blogspot.com/2024/12/15th-finance-commission-for-upsc-2021-2026.html?amp\x3d1', 'type': 'item', 'isSingleItem': true, 'isMultipleItems': false, 'isError': false, 'isPage': false, 'isPost': true, 'isHomepage': false, 'isArchive': false, 'isLabelSearch': false, 'postId': 7500132604717915648}}, {'name': 'widgets', 'data': [{'title': 'Target IAS Kannada (Header)', 'type': 'Header', 'sectionId': 'sec_Header_Title', 'id': 'Header01'}, {'title': 'Looking for something?', 'type': 'BlogSearch', 'sectionId': 'sec_Header_Search', 'id': 'BlogSearch01'}, {'title': 'Header Icon', 'type': 'TextList', 'sectionId': 'sec_Header_Icon', 'id': 'TextList01'}, {'title': 'Contributors', 'type': 'Profile', 'sectionId': 'sec_Header_Icon', 'id': 'Profile01'}, {'title': 'Bookmark Posts', 'type': 'LinkList', 'sectionId': 'sec_Header_Icon', 'id': 'LinkList02'}, {'title': 'Translate', 'type': 'LinkList', 'sectionId': 'sec_Header_Icon', 'id': 'LinkList03'}, {'title': 'Navigation Menu', 'type': 'HTML', 'sectionId': 'sec_Nav_Widgets_1', 'id': 'HTML01'}, {'title': 'Additional Links', 'type': 'PageList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'PageList02'}, {'title': 'Social Links', 'type': 'LinkList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'LinkList04'}, {'title': 'Tabbed Menu', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList05'}, {'title': 'Notification', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList06'}, {'title': 'Labels Description', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList07'}, {'title': 'Under Header Ad', 'type': 'LinkList', 'sectionId': 'sec_Horizontal-Ad', 'id': 'LinkList81'}, {'title': 'Carousel Image 01', 'type': 'Image', 'sectionId': 'sec_Carousel', 'id': 'Image01'}, {'title': 'Carousel Image 03', 'type': 'Image', 'sectionId': 'sec_Carousel', 'id': 'Image03'}, {'title': 'Above Pinned Post Ad', 'type': 'LinkList', 'sectionId': 'sec_Top_Widgets', 'id': 'LinkList82'}, {'title': 'Blog Posts', 'type': 'Blog', 'sectionId': 'sec_Main_Widgets', 'id': 'Blog01', 'posts': [{'id': '7500132604717915648', 'title': ' 15th Finance Commission (2021-2026) for UPSC: Key Recommendations', 'showInlineAds': false}], 'footerBylines': [{'regionName': 'footer1', 'items': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}]}, {'regionName': 'footer2', 'items': [{'name': 'labels', 'label': 'in'}]}, {'regionName': 'footer3', 'items': [{'name': 'location', 'label': 'Location:'}]}], 'allBylineItems': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}, {'name': 'labels', 'label': 'in'}, {'name': 'location', 'label': 'Location:'}]}, {'title': 'Categorized Posts', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList08'}, {'title': 'Post Middle Ads', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList84'}, {'title': 'Table of contents', 'type': 'HTML', 'sectionId': 'sec_Main_Widgets', 'id': 'HTML11'}, {'title': 'Below Posts Ad', 'type': 'LinkList', 'sectionId': 'sec_Bottom_Widgets', 'id': 'LinkList85'}, {'title': 'Popular Posts', 'type': 'PopularPosts', 'sectionId': 'sec_Side_Widgets', 'id': 'PopularPosts01', 'posts': [{'title': 'Bihar Special Intensive Revision (SIR) of Electoral Rolls \u2013 (2025)', 'id': 7839654145190798876}, {'title': 'The Pala Empire (750-1161 AD) - UPSC notes', 'id': 1012046217452249217}, {'title': 'TN Bill Assent Crisis: The Article 143 Presidential Reference Explained', 'id': 5203872960650787531}, {'title': 'Complete Polity Notes for UPSC - Lakshmikanth Notes', 'id': 2515054049018549188}, {'title': 'Laffer Curve \u2013 Economy UPSC Notes', 'id': 7588649386140200698}]}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Side_Widgets', 'id': 'Label01'}, {'title': 'Sticky Ad [Desktop]', 'type': 'LinkList', 'sectionId': 'sec_Side_Sticky', 'id': 'LinkList86'}, {'title': 'Take me back', 'type': 'HTML', 'sectionId': 'sec_Error_404', 'id': 'HTML404'}, {'title': 'Organization [BlogTitle]', 'type': 'Image', 'sectionId': 'sec_Footer_Organization', 'id': 'Image21'}, {'title': 'Social Media Links', 'type': 'LinkList', 'sectionId': 'sec_Footer_Organization', 'id': 'LinkList21'}, {'title': 'Product', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList22'}, {'title': 'Resources', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList23'}, {'title': 'Support', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList24'}, {'title': 'Company', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList25'}, {'title': 'Credit', 'type': 'HTML', 'sectionId': 'sec_Footer_Bottom', 'id': 'HTML21'}, {'title': 'Mobile Menu', 'type': 'TextList', 'sectionId': 'sec_Mobile_Menu', 'id': 'TextList99'}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Theme_Hidden', 'id': 'Label41'}, {'title': 'Contact Form', 'type': 'ContactForm', 'sectionId': 'sec_Theme_Hidden', 'id': 'ContactForm41'}, {'title': 'Pageviews last month', 'type': 'Stats', 'sectionId': 'sec_Theme_Hidden', 'id': 'Stats41'}, {'title': 'Firebase Configurations', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList61'}, {'title': 'Progressive Web App', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList62'}, {'title': 'Cookie Consent [NoTitle]', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList63'}, {'title': 'Image Uploader', 'type': 'Image', 'sectionId': 'sec_Addon_Widgets', 'id': 'Image61'}]}]);
_WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header01', 'sec_Header_Title', document.getElementById('Header01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogSearchView', new _WidgetInfo('BlogSearch01', 'sec_Header_Search', document.getElementById('BlogSearch01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList01', 'sec_Header_Icon', document.getElementById('TextList01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ProfileView', new _WidgetInfo('Profile01', 'sec_Header_Icon', document.getElementById('Profile01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList02', 'sec_Header_Icon', document.getElementById('LinkList02'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList03', 'sec_Header_Icon', document.getElementById('LinkList03'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML01', 'sec_Nav_Widgets_1', document.getElementById('HTML01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList02', 'sec_Nav_Widgets_2', document.getElementById('PageList02'), {'title': 'Additional Links', 'links': [{'isCurrentPage': false, 'href': '/p/sitemap.html', 'title': 'Sitemap'}, {'isCurrentPage': false, 'href': '#', 'title': 'Disclaimer'}, {'isCurrentPage': false, 'href': '#', 'title': 'Privacy'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList04', 'sec_Nav_Widgets_2', document.getElementById('LinkList04'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList05', 'sec_Under_Header', document.getElementById('LinkList05'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList06', 'sec_Under_Header', document.getElementById('LinkList06'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList07', 'sec_Under_Header', document.getElementById('LinkList07'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList81', 'sec_Horizontal-Ad', document.getElementById('LinkList81'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image01', 'sec_Carousel', document.getElementById('Image01'), {'resize': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image03', 'sec_Carousel', document.getElementById('Image03'), {'resize': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList82', 'sec_Top_Widgets', document.getElementById('LinkList82'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog01', 'sec_Main_Widgets', document.getElementById('Blog01'), {'cmtInteractionsEnabled': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList08', 'sec_Main_Widgets', document.getElementById('LinkList08'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList84', 'sec_Main_Widgets', document.getElementById('LinkList84'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML11', 'sec_Main_Widgets', document.getElementById('HTML11'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList85', 'sec_Bottom_Widgets', document.getElementById('LinkList85'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PopularPostsView', new _WidgetInfo('PopularPosts01', 'sec_Side_Widgets', document.getElementById('PopularPosts01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label01', 'sec_Side_Widgets', document.getElementById('Label01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList86', 'sec_Side_Sticky', document.getElementById('LinkList86'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML404', 'sec_Error_404', document.getElementById('HTML404'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image21', 'sec_Footer_Organization', document.getElementById('Image21'), {'resize': true}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList21', 'sec_Footer_Organization', document.getElementById('LinkList21'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList22', 'sec_Footer_Widgets', document.getElementById('LinkList22'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList23', 'sec_Footer_Widgets', document.getElementById('LinkList23'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList24', 'sec_Footer_Widgets', document.getElementById('LinkList24'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList25', 'sec_Footer_Widgets', document.getElementById('LinkList25'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML21', 'sec_Footer_Bottom', document.getElementById('HTML21'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList99', 'sec_Mobile_Menu', document.getElementById('TextList99'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label41', 'sec_Theme_Hidden', document.getElementById('Label41'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ContactFormView', new _WidgetInfo('ContactForm41', 'sec_Theme_Hidden', document.getElementById('ContactForm41'), {'contactFormMessageSendingMsg': 'Sending...', 'contactFormMessageSentMsg': 'Your message has been sent.', 'contactFormMessageNotSentMsg': 'Message could not be sent. Please try again later.', 'contactFormInvalidEmailMsg': 'A valid email address is required.', 'contactFormEmptyMessageMsg': 'Message field cannot be empty.', 'title': 'Contact Form', 'blogId': '1451772555531242736', 'contactFormNameMsg': 'Name', 'contactFormEmailMsg': 'Email', 'contactFormMessageMsg': 'Message', 'contactFormSendMsg': 'Send', 'contactFormToken': 'AOuZoY5GPB-1xMdVFDHrOua9Wtt6-hLK7A:1766830206749', 'submitUrl': 'https://www.blogger.com/contact-form.do'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_StatsView', new _WidgetInfo('Stats41', 'sec_Theme_Hidden', document.getElementById('Stats41'), {'title': 'Pageviews last month', 'showGraphicalCounter': false, 'showAnimatedCounter': false, 'showSparkline': true, 'statsUrl': '//targetiaskannada.blogspot.com/b/stats?amp\x3d1\x26style\x3dBLACK_TRANSPARENT\x26timeRange\x3dLAST_WEEK\x26token\x3dAPq4FmDSaSy9KddNEjDggdQ7ctvpHuZDj945f9RrEz-j1YBbG3s1GHblTf7_nmNisLmml4LzquPv5U4ObF27EHdZsLNGNfR3lQ'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList61', 'sec_Addon_Widgets', document.getElementById('LinkList61'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList62', 'sec_Addon_Widgets', document.getElementById('LinkList62'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList63', 'sec_Addon_Widgets', document.getElementById('LinkList63'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image61', 'sec_Addon_Widgets', document.getElementById('Image61'), {'resize': false}, 'displayModeFull'));
</script>
</body>