Karnataka Finance Commission
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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 various other functions that it fulfills.
The setting up of Karnataka Finance Commission:
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. The chairman of the Third Karnataka Finance Commission, which was set up in September 2006 is Mr. A.G. Kodgi. The other two members of the Third Karnataka Finance Commission are Mr. T. Thimmegowda and Mr. Mahendra R. Kanthi.
The sectors that receive grants from Karnataka Finance Commission are:
Karnataka Finance Commission functions are:
The funds received by Karnataka Finance Commission:
Karnataka Finance Commission received from the Tenth Finance Commission a grant of 5.339% out of the total resources that have been allotted to all the states in India. The Finance Commission in Karnataka received from the Eleventh Finance Commission a grant of 4.930% out of the total resources that have been allotted to all the states in the country. Karnataka Finance Commission also received from the Twelfth Finance Commission a grant of around 4.518% out of the total resources that have been granted to all the states in India.
The Karnataka state government must encourage Karnataka Finance Commission:
The state government must encourage Karnataka Finance Commission for this will prove beneficial for the state. This will happen for the Finance Commission in Karnataka will improve the economic condition of the various Panchayats in the state and also that of the state government.
For further information on State Finance Commissions, please refer to the following sites
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. The chairman of the Third Karnataka Finance Commission, which was set up in September 2006 is Mr. A.G. Kodgi. The other two members of the Third Karnataka Finance Commission are Mr. T. Thimmegowda and Mr. Mahendra R. Kanthi.
The sectors that receive grants from Karnataka Finance Commission are:
- For school children computer training
- Elementary education
- Administration of prisons
- Fire services
- Health services
- Heritage protection
- Administration of district
- Public libraries
- Fiscal administration
- Development of infrastructure
- Police administration
Karnataka Finance Commission functions are:
- To look over the financial situation of the various Panchayats that are there in the state
- To take such measures that help in improving the economic situation of the various Panchayats that are there in the state
- To grant funds to the various Panchayats that are there in the state from the Consolidated Fund of the State
- 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
- To function as an arbiter with regard to financial matters between the state and the central government
- To transfer the funds that are alloted by the central government to the state government
- To decide the amount of taxes, duties, tolls, and fees that may be levied by the various Panchayats that are there in the state
The funds received by Karnataka Finance Commission:
Karnataka Finance Commission received from the Tenth Finance Commission a grant of 5.339% out of the total resources that have been allotted to all the states in India. The Finance Commission in Karnataka received from the Eleventh Finance Commission a grant of 4.930% out of the total resources that have been allotted to all the states in the country. Karnataka Finance Commission also received from the Twelfth Finance Commission a grant of around 4.518% out of the total resources that have been granted to all the states in India.
The Karnataka state government must encourage Karnataka Finance Commission:
The state government must encourage Karnataka Finance Commission for this will prove beneficial for the state. This will happen for the Finance Commission in Karnataka will improve the economic condition of the various Panchayats in the state and also that of the state government.
For further information on State Finance Commissions, please refer to the following sites
State Finance Commissions
