Tripura Finance Commission

The Tripura Finance Commission is a state committee pertaining to the State of Tripura. The State Finance Commission is established under the Article 243 (I) of the Indian. The purpose of these committees is to review the financial executions pertaining to the State of Tripura.

Tripura Finance Commission-Facts:

The Tripura Finance Commission is a state committee of the state of Tripura. The Finance Commission is set up, at the end of every fifth year under the Article 243 (I) of the Indian Constitution.

The article instructs the Governor of the state to on the fifth year set up a Finance Commission for the purpose of reexamining the financial condition of the state, within the introduction of the 73rd Amendment of the Constitution Act, 1992.

First Tripura Finance Commission:

  • The First Finance Commission of Tripura was established in the year 1994
  • The Commission presented its propositions in the year 1996
  • The proposals of the Commission were accepted as a part of the Action Taken Report after being tested by the State Government of Tripura
  • The State Government of Tripura implemented the proposals of the commission from 1997-98
  • The Tripura Government tried providing a part of the proceeds from the taxes and duties to the Panchayati Raj Institutions, in accordance to the proposal of the Commission

Finance Commission of Tripura-Targets:

  • The targets help the Tripura Finance Commission to perform in a better way
  • The allocation of the total yield pertaining to taxes, tolls, duties, and fees imposed by the state to the different Panchayats
  • Determining the duties, tolls, taxes, and fees, which are to be imposed by the state authorities
  • Determination of the financial aids from the State Consolidated Fund
  • The allocation of the total proceeds from the taxes, tolls, duties, and fees imposed by the state, which is to be divided between the State and the panchayats

Issues relating to Tripura:

  • The Tripura Finance Commission deals with the issues pertaining to the development of the state and the rural sector of Tripura

  • The funds allocated to the State during the last two State Plans was not supported by any kind of real assessment of the required development of the State

  • The Central Government's decision to alter the funding pattern during 1988-89 led to the financial crisis in the Special Category States

  • The 11th Finance Commission did not provide the Capital Assistances for the Special Category States

  • The 12th Finance Commission has recommended the State Government of Tripura to sustain a balance between improving of the revenue heads and the obliteration of poverty

  • The contribution of the state of Tripura to the Central based resources has declined to 1%, which was previously 1.4%

For further information on State Finance Commissions, please refer to the following sites