With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?
(1) It has increased the share of States in the central divisible pool from 32 percent to 42 percent
(2) It has made recommondations concerning sector-specific grants
Select the correct answer using the code given below.
Answer:
(a)
CA
The commission has recommended states’ share in net proceeds of tax revenues be 42 per cent, a huge jump from the 32 per cent recommend by the 13th Finance Commission, the largest change ever in the percentage of devolution. As compared to total devolutions in 2014-15, total devolution of states in 2015-16 will increase by over 45 per cent. No sector specific grant recommendations were made. Please read the link below for detailed recommendations.Tikdam: