|
Seventh Finance Commission
The Seventh Finance Commission of India was incorporated in 1978 consisting of Shri J. M. Shelar as the chairman. Members The members of the Commission were: * Shri J. M. Shelat, Chair * Dr. Raj Krishna * Dr. C. H. Hanumantha Rao * Shri. H. N. Ray * Shri. V. B. Eswaran, Member Secretary Recommendations * The share of the states in the net proceeds should be raised to 85% excepting the share of the Union Territories which would be 2.19% of net proceeds * The inter se distribution between the states should include 10% contribution factor and rest 90% would be on basis of population Population typically refers to the number of people in a single area, whether it be a city or town, region, country, continent, or the world. Governments typically quantify the size of the resident population within their jurisdiction using a .... The 10% allotment would be based on the State-wise net assessments References Further References * * Finance Commission of India 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raj Krishna
Raj Krishna was an Indian economist who taught at the Delhi School of Economics. He is most famous for the phrase "Hindu rate of growth" which he coined for India's low rate of GDP Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ... growth between the 1950s and 1980s. Further reading * * Delhi University faculty 20th-century Indian economists Year of death missing Year of birth missing {{India-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Governments Of India
State governments in India are the governments ruling over 28 states and 8 union territories of India and the head of the Council of Ministers in a state is the Chief Minister. Power is divided between the Union government and state governments. While the Union government handles defence, external affairs etc., the state government deals with internal security and other state issues. Income for the Union government is from customs duty, excise tax, income tax etc., while state government income comes from sales tax (VAT), stamp duty etc.; now these have been subsumed under the various components of the Goods and Services Tax Each state has a legislative assembly. A state legislature that has one house - State Legislative Assembly (Vidhan Sabha) - is a unicameral legislature. A state legislature that has two houses - the State Legislative assembly and State Legislative Council (Vidhan Parishad) - is a bicameral legislature. The Vidhan Sabha is the lower house and corresp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Population
Population typically refers to the number of people in a single area, whether it be a city or town, region, country, continent, or the world. Governments typically quantify the size of the resident population within their jurisdiction using a census, a process of collecting, analysing, compiling, and publishing data regarding a population. Perspectives of various disciplines Social sciences In sociology and population geography, population refers to a group of human beings with some predefined criterion in common, such as location, race, ethnicity, nationality, or religion. Demography is a social science which entails the statistical study of populations. Ecology In ecology, a population is a group of organisms of the same species who inhabit the same particular geographical area and are capable of interbreeding. The area of a sexual population is the area where inter-breeding is possible between any pair within the area and more probable than cross-breeding with in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Commission Of India
The Finance Commissions (IAST: ''Vitta Āyoga'') are commissions periodically constituted by the President of India under ''Article 280'' of the Indian Constitution to define the financial relations between the central government of India and the individual state governments. The First Commission was established in 1951 under The Finance Commission (Miscellaneous Provisions) Act, 1951. Fifteen Finance Commissions have been constituted since the promulgation of Indian Constitution in 1950. Individual commissions operate under the terms of reference which are different for every commission, and they define the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the constitution, the commission is appointed every five years and consists of a chairman and four other members. The most recent Finance Commission was constituted in 2017 and is chaired by N. K.Singh, a former member of the Planning Commissio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
