Q.4) “The Fifteenth Finance Commission has managed to maintain the stability and predictability of resources to states with its scheme of devolution”. Critically examine.
Why this question:
Recently, the Finance Commission has presented its report for the period 2021-22 to 2025-26.
Key demand of the question:
Give a detailed analysis of the recommendations of the Finance Commission XV, the positive and the negative side of it.
Critically examine- Look in close detail and establish the key facts and important issues surrounding the topic. Try and offer reasons as to why the facts and issues identified are most important, as well as explain the different ways they could be construed.
Give a brief introduction about the Finance Commission XV.
In the first part, highlight the recommendations made by the FC that helps in addressing various concerns currently in the Indian economy.
In the next part, highlight the areas that the Commission has failed to address.
Conclude with a way forward.