Uttaranchal Finance Commission

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The Uttaranchal Finance Commission is one of the state finance commissions. The State of Uttaranchal was created in the year 2000. The State earns huge revenue from the tourism industry prevailing there. The main purpose of the Finance Commission is to review the financial implementations of the state of Uttaranchal.

Uttaranchal Finance Commission-Glimpses:

The Uttaranchal Finance Commission is the state finance delegation of the state of Uttaranchal.

The main purpose of this committee is to formulate implementation of financial policies pertaining to the state of Uttaranchal. The Finance Commission is set up under the Article 243 Sec I of the Indian Constitution, which orders that the Governor of the state would, at the end of every fifth year establish a Finance Commission for the purpose of reviewing, within the introduction of the 73rd Amendment of the Constitution Act, 1992. The Finance commission reviews the financial status of the state and panchayats.

Uttaranchal-Tourist heaven :
  • Uttaranchal is one of the new states in the Union of India, form in the year 2000
  • The state is a paradise for the tourists, which is one of the major revenue generators for the state
  • The revenue from the tourism trade are to be channelized properly for the rural development of state of Uttaranchal

First State Finance Commission of Uttaranchal-Members:
  • Shri R.K. Dar, Chairman
  • Shri L.M. Pant, Member-Secretary
  • Prof. B.K. Joshi, Principal Advisor
  • Shri O.P. Agrawal, Advisor
  • Shri G.S. Saxena, Research Officer
  • Shri Amit Verma, Research Officer
  • Shri Dinesh Chandra, Research Assistant
  • Shri K.C. Chaturvedi, Research Assistant

Aims of the Uttaranchal Finance Commission:
  • The Uttaranchal Finance Commission follow these targets for smooth functioning of the committee
  • Determining the duties, tolls, taxes, and fees, which are to be imposed on the state
  • The allocation of the total proceeds pertaining to taxes, tolls, duties, and fees imposed by the state to the different Panchayats
  • 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
  • Determining the financial roles of the Panchayats
  • The financial assistance from the State Consolidated Fund

Uttaranchal Finance Commission-Steps for rural development:
  • The Finance Commission of Uttaranchal constituted under Article 243 Sec I would attain to similar matters referred by the municipalities as per the Article 243SecY of the Constitution

  • All recommendations by the Governor should be made together with an explanatory memorandum which is to be presented before the Legislature of the State

  • To attain to matters mentioned by the Governor to the Finance Commission regarding the proper finance implementations of the Panchayats

  • The provide improvement to the financial performance of the Panchayats, which would help in the development of the rural sector

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