What are the key components of the 16th Finance Commission's agenda

Exploring the focus areas and objectives of the 16th Finance Commission.

The 16th Finance Commission's agenda includes the following key components:

Assessing the distribution of financial resources between the central and state governments.
Reviewing the criteria for the devolution of taxes and grants-in-aid to states.
Evaluating the fiscal performance of both central and state governments.
Examining the impact of the Goods and Services Tax (GST) implementation on finances.
Suggesting measures for augmenting the consolidated fund of states to promote fiscal stability.

These focus areas aim to ensure efficient and equitable allocation of resources while promoting fiscal discipline and cooperative federalism.

Answered 10 months ago

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