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The Fourteenth Finance Commission of India was a finance commission constituted on 2 January 2013. The commission's chairman was former Reserve Bank of India governor Y. V. Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle, and AN Jha. The recommendations of the commission entered force in April 2015; they take ...
Major Recommendations of 14th Finance Commission headed by Prof. Y V Reddy The share of states in the net proceeds of the shareable Central taxes should be 42%. This is 10 percentage points higher than the recommendation of 13th Finance Commission. Revenue deficit to be progressively reduced and eliminated.
He was a Member of an informal international group of prominent persons on International Monetary Reforms. He was also on Advisory Group of eminent persons to advise the finance minister of India on G-20 issues. [10] He was the chairman of the Fourteenth Finance Commission of India since 3 January 2013 and served there till 25 November 2017. [11]
However, during the re-structuring of DRSCs in July 2004 by the 14th Lok Sabha, the membership was reduced to 31 members—21 from Lok Sabha and 10 from Rajya Sabha. The inaugural chairperson of the committee was Debi Prasad Pal , a former Minister of State for Finance (1995–96), [ 8 ] [ 9 ] member of the 10th Finance Commission , retired ...
The Twelfth Finance Commission of India was appointed on 1 November 2002 to make recommendations on the distribution of net proceeds of sharable taxes between union and states. The commission was headed by veteran economist of India, C. Rangarajan. The commission submitted its report on 30 November 2004 and covered the period from 2005-10.
The 14th Amendment to the Constitution is yet another idea. The Civil-War era amendment includes a line being oft-repeated these days that "the public debt of the United States, authorized by law ...
The ICC has developed and moulded the UCP by regular revisions, the current version being the UCP 600. The result is the most successful international attempt at unifying rules ever, as the UCP has substantially universal effect. The latest revision was approved by the Banking Commission of the ICC at its meeting in Paris on 25 October 2006.
By Julia Payne. BRUSSELS (Reuters) -European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including a ban on re-exports ...