Finance Commission Report – Understanding the Formula for Devolution to States

ByAshish Agrawal

Feb 13, 2021

The report of 15th Finance Commission (FC), constituted every five years, was tabled in the parliament on the day of the budget. The Finance Commission is an important constitutional body which determines the flow of revenue from centre to states and more importantly, fix a formula for the distribution of total pie among different states. […]

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