Finance Commission team in Sikkim on consultation visit

As per information received from Principal Secretary, Finance Deptt, a 14-member team from the 14th Finance Commission is in Sikkim from 20 to 22 January to discuss the States' growth plans for the next 5 years beginning April 1, 2015.
Finance Commission is a body of 5 experts including a chairman, constituted under Article 280 of the Constitution of India by the President,
The Primary mandate of the commission is to recommend a formula for sharing net proceeds of tax, revenues of the centre with the states, principles which should govern the transfer of "grant in aid" of the revenues of the states out of the consolidated fund of India and measures required to augment the consolidated fund of individual states during a 5 year period.

Dr YV Reddy, former Governor of Reserve Bank of India, heads the commission with four members , Prof Abijit Sen Member Planning Commission Ms Sushmanath former Union Finance Secretary, Dr M Govinda Roa Director NIPFP and Dr Sudipto Mundle former acting chairman Statistical commission. AN Jha is the member secy to the commission.
The visit assumes significance because the commission, after hearing the states demands, will recommend sharing of tax proceeds between the centre and the state for the 5 year period.