Karnataka 4th Finance Commission: NammaKPSC classroom session for KAS-2016 Challengers

4th State Finance Commission’s tour of State

Why in News: The three-member Fourth State Finance Commission (SFC), headed by C.G. Chinnaswamy, has begun consulting with experts and urban and rural local bodies on the distribution of net proceeds of taxes, duties, tolls and fees collected by the State government between the State and local bodies.

karnataka finance commission

  • The commission, which has been mandated to review the financial position of urban and rural local bodies, has started a tour of districts to hold consultations with elected representatives and officials of the zilla, taluk and gram panchayats, municipal corporations, city municipal councils, town municipal councils and town panchayats.
  • It will then recommend to Governor Vajubhai Vala measures to strengthen their financial position.
  • The commission, with H.D. Amaranathan and H. Shashidhar as members and S.R. Umashankar as member-secretary, began its tour on July 27 by visiting Kolar and holding discussions with elected representatives and officials of the local bodies.
  • It will visit Kalaburagi and Yadgir districts on August 30 and 31, respectively. Its tour will be completed only in December, after which report compilation will begin.
  • Prior to the finalisation of the recommendations, the commission will interact with its counterparts in Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra, West Bengal and other States.
  • The Finance Department had made a presentation to the commission in February this year about the resources of the State government and demands thereon on account of expenditure of civil administration, debt servicing, development and other committed expenditure.
  • The details of the resources transferred to the local bodies based on the recommendations of the previous SFCs were also provided.
  • The 4th SFC would also hold discussions with the chairpersons and members of previous SFCs and would consider sponsoring studies on selected issues. The commission will also examine the suitability of using some form of index/indices as the basis for recommendations on tax devolution and grants in aid.
  • The SFC will make specific recommendation on the award of grants in aid to local bodies from the consolidated fund of the State and suggest measures to improve the financial position of the local bodies.

About Karnataka Finance Commission:

  • The 4th State Finance Commission: C G Chinnaswamy as the Chairman and H D Amaranathan and Dr H Shashidhar as its full time
  • Karnataka Finance Commission has been established in the state so that it can help in improving the economic condition of the various Panchayats in the state.
  • Karnataka Finance Commission has been established in the state according to the rules that have been laid down in the Constitution of India, Article 243 (I
  • The state government sets up the Finance Commission in Karnataka once after every five years. –

Karnataka Finance Commission functions are:

  1. To look over the financial situation of the various Panchayats that are there in the state
  2. To take such measures that help in improving the economic situation of the various Panchayats that are there in the state
  3. To grant funds to the various Panchayats that are there in the state from the Consolidated Fund of the State
  4. To distribute the total amount of taxes, tolls, duties, and fees that are charged by the state government among the various Panchayats in the state and the state government
  5. To function as an arbiter with regard to financial matters between the state and the central government
  6. To transfer the funds that are alloted by the central government to the state government
  7. To decide the amount of taxes, duties, tolls, and fees that may be levied by the various Panchayats that are there in the state
Related Posts
Karnataka: Boeing in talks with govt to set up manufacturing facility
In a development that gives a big boost to the aviation industry in Karnataka, aerospace major Boeing is holding talks with the state government on setting up a new aircraft ...
READ MORE
Karnataka Current Affairs – KAS / KPSC Exams – 11th June 2017
Karnataka to borrow $350 million from ADB for road development  The government has decided to borrow $350 million from the Asian Development Bank (ADB) for developing a core road network of ...
READ MORE
India signs MoU with Republic of Korea - bilateral air service cooperation India has signed  a Memorandum of Understanding with South Korea or Republic of Korea (RoK) after negotiations to enhance bilateral ...
READ MORE
National Judicial Reference System (NJRS) is an electronic repository of cases under the direct taxes category or income tax pending in legal forums like the Income Tax Appellate Tribunal (ITAT), ...
READ MORE
Nobel Prize winners: 2015
Chemistry Nobel for mapping how cells repair damaged DNA Tomas Lindahl, Paul L. Modrich and Aziz Sancar were awarded the Nobel Prize in Chemistry for having mapped and explained how the ...
READ MORE
ಯಾರು ಅಂಗವಿಕಲರು? ದೇಹದ ಯಾವುದಾದರೂ ಒಂದು ಅಥವಾ ಹೆಚ್ಚು ಅಂಗ ಶೇ.40ಕ್ಕೂ ಹೆಚ್ಚಿನ ಪ್ರಮಾಣದಲ್ಲಿ ಊನವಾಗಿರುವ ದೈಹಿಕ ಅಂಗವಿಕಲರು, ದೃಷ್ಟಿದೋಷ, ಶ್ರವಣದೋಷ, ಬುದ್ಧಿಮಾಂದ್ಯರು, ಮಾನಸಿಕ ಅಸ್ವಸ್ಥರು ಇವರನ್ನು ಅಂಗವಿಕಲರೆಂದು ಪರಿಗಣಿಸಲಾಗುತ್ತದೆ. ಅಂಗವೈಕಲ್ಯ ನಿವಾರಣೆ ಶಸ್ತ್ರಚಿಕಿತ್ಸೆಗೆ ಲಕ್ಷ ರೂ.ವರೆಗೆ ವೈದ್ಯಕೀಯ ಪರಿಹಾರ ನಿಧಿ ಈ ಯೋಜನೆಯಲ್ಲಿ ಅಂಗವೈಕಲ್ಯದ ...
READ MORE
A nationally representative study on smoking and death in India (published in 2008) found that smoking causes a large and growing number of premature deaths in the country. The study ...
READ MORE
Rural Development – Housing – Dr.B.R. Ambedkar Nivasa Yojane & Nirmithi Kendras
From 2015-16 the Government has introduced Dr.B.R.Ambedkar Nivasa Yojane for providing houses to the house less SC/ST families. Under this scheme for 2015-16 the Government has sanctioned 1,50,000 houses, in which ...
READ MORE
Karnataka Current Affairs – KAS / KPSC Exams – 6th July 2017
PETA to challenge Ordinance on Kambala People for the Ethical Treatment to Animals (PETA) has said that the organisation will challenge the new Ordinance that allows the conduct of Kambala — ...
READ MORE
Karnataka Current Affairs – KAS / KPSC Exams – 10th July 2017
'Startup coast' coming up in Karnataka State-of-the-art innovation centres, modern incubation set-up, tinkering labs and co-working space for startups are coming up in coastal Karnataka. This is the first project of its ...
READ MORE
Karnataka: Boeing in talks with govt to set
Karnataka Current Affairs – KAS / KPSC Exams
India- South Korea
National Judicial Reference System
Nobel Prize winners: 2015
ವಿಕಲಾಂಗರ ನೆರವಿಗೆ ಹಲವು ಯೋಜನೆ
Measures to curb smoking
Rural Development – Housing – Dr.B.R. Ambedkar Nivasa
Karnataka Current Affairs – KAS / KPSC Exams
Karnataka Current Affairs – KAS / KPSC Exams