The 16th Finance Commission, chaired by Arvind Panagariya, retains the 41% vertical tax devolution share but eliminates Revenue Deficit Grants and cuts total grants-in-aid to Rs 9.47 lakh crore from Rs 10.1 lakh crore under FC-15. Full bilingual TNPSC notes on FC-16's recommendations, its changed devolution formula, and the constitutional basis of the Finance Commission under Article 280.
arivark.com/current-affairs/article/16th-finance-commission-fc16-recommendations... it can do is put a State's case on the record in a form that the Union, the Finance Commission and any future commission must answer, which is how a demand survives a change of government. Its practical weakness is that it has no permanent cadre of its ...
arivark.com/current-affairs/article/tamil-nadu-and-state-autonomy-the-rajamannar-committee-and-what-came-after... 7% of total revenue came from non-tax sources. A study prepared for the 15th Finance Commission traced the erosion, finding own-tax revenue falling from close to 9% of GSDP in 2006-07 to 6.4% in 2016-17, with tax buoyancy below one in eight of the 14 years ...
arivark.com/current-affairs/article/tamil-nadu-revenue-augmentation-committeeWhat the Revision Did Former Finance Secretary Subhash Chandra Garg, in an emailed response to The Hindu, questioned the credibility of India's latest gross domestic product estimates, saying the sharp ...
arivark.com/current-affairs/article/gdp-base-year-revision-the-missing-back-series-and-the-deflator-question... and the establishment of surgical and aftercare centres. On the State's finances, the Finance Commission norm that a State's fiscal deficit must not exceed 3 per cent of Gross State Domestic Product (GSDP) was cited: several other States have crossed ...
arivark.com/current-affairs/article/tamil-nadu-budget-2026-27-vetri-tamilagam... September 16: The Auditor's Report on the Distribution Company The State Finances Audit Report of the Comptroller and Auditor General for Tamil Nadu shows that the power distribution company has leaned on State support for fourteen years, through ...
arivark.com/current-affairs/article/tamil-nadu-energy-vision-2031... unit a multinational sets up to do its own design, engineering, research or finance work, unlike an outsourcing vendor that does that work under contract for others. One agreement is with a professional services firm to help establish such a centre in the ...
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Write, get evaluated, talk it through. A Mains paper on a fixed day, every answer checked, and a call after every test.
| Batch | One test | First test |
|---|---|---|
| Weekday | Every 5 days | 15 Oct |
| Weekend | Every Sunday | 18 Oct |