 "Implementation of the 13th Finance Commission suggestions: A reality check")
Finance Minister Arun Jaitley on Tuesday tabled the report of the 14th Finance Commission, along with an action taken report, in Parliament.
Here is a reality check on the implementation of the recommendations of the 13th Finance Commission (for 2010-11 to 2014-15) on various parameters as far as the Centre's financial situation is concerned.
The Centre could not meet the Vijay Kelkar-headed body's suggestions on any of the parameters, though in the first three years -2010-11, 2011-12, 2012-13 - the Centre's debt was well within the Commission's recommendations. However, the Commission's main recommendation on devolution of the divisible taxable pool (32 per cent, excluding cesses and surcharges) is being implemented by the Centre.
Here is a reality check on the implementation of the recommendations of the 13th Finance Commission (for 2010-11 to 2014-15) on various parameters as far as the Centre's financial situation is concerned.
The Centre could not meet the Vijay Kelkar-headed body's suggestions on any of the parameters, though in the first three years -2010-11, 2011-12, 2012-13 - the Centre's debt was well within the Commission's recommendations. However, the Commission's main recommendation on devolution of the divisible taxable pool (32 per cent, excluding cesses and surcharges) is being implemented by the Centre.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%