Thirteenth Finance Commission

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The Thirteenth Finance Commission will come into power in the year 2010. The President of India under the chairmanship of Dr. Vijay L. Kelkar will head it. The Thirteenth Finance Commission of India will focus deeply on making suggestions for people coming from various places.

Thirteenth Finance Commission at a glance-

The thirteenth finance commission decided to provide a notification on 13th November 2007 apropos the terms of reference from the members that include general public, Institutions, and Organizations. Its chief areas of concern are to make recommendations for a range of issues, which will be commenced from 1st April 2010.

The thirteenth finance commission will make recommendations on the distribution of the net proceeds of taxes between the Union and the states, rules that govern the grants-in-aid for states, and actions to be taken in order to increase the Consolidated Fund of India. It will also review the financial condition of the states with respect to debt consolidation and relief fund expenditure. The commission will evaluate the arrangements made to overcome the crisis emerging out from calamities as well.

Undertakings of the Thirteenth Finance Commission-

  • Make recommendations for sharing of tax revenues between the Union and the states
  • Make recommendations for the grants-in-aid provided to the states to raise their income
  • Make recommendations for various schemes designed to raise the Consolidated Fund of India
  • Review the financial status of the states in terms of debt consolidation and relief fund expenditure
  • Evaluate the arrangements made by Central Government as a safety net against calamities and make recommendations thereon
  • Provide the details of the sources of its findings and thereby present the estimates of the expenditures carried out by the Union and the states
  • Accept any kinds of advice from people from various organizations
  • Assess the resources provided by the Central Government based on tax levels as well as non-tax revenues
  • Judge the basic requirements of the states for government resources on account of civil administration, defense, internal and border security, servicing of debts, and other expenditures and liabilities
  • Balance expenditure and receipts of income as well as generate extra revenue for capital investment
  • Assess the taxation efforts made by Central Government to ensure mobilization of resources for states
  • Improve the public expenditure methods
  • Maintain capital assets and non-developmental sectors
  • Manage ecology, environment and climate change consistent with sustainable growth
  • Ensure adequate revenue in terms of irrigation projects, power projects, departmental undertakings and public sector organizations