State finance commission Subject : Polity Context: A two-day national conclave of State Finance Commissions (SFC) was organized by the National Institute of Rural Development and Panchayati Raj (NIRDPR). Concept: State Finance Commission The State Finance Commission (SFC) is an institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalize and […]

    State Finance Commission Subject: Polity Context:   The Covid crisis has stretched State finances by impacting both GST and cess collections. This, along with the imminent end of GST compensation in July 2022, has forced States to look at other revenue options. Hence, states must raise non-tax revenues. Therefore, strengthening State Finance Commissions […]