{"id":120504,"date":"2018-04-11T17:24:18","date_gmt":"2018-04-11T17:24:18","guid":{"rendered":"http:\/\/punjabpost.in\/welcome\/?p=120504"},"modified":"2018-04-11T17:27:19","modified_gmt":"2018-04-11T17:27:19","slug":"needless-controversy-15th-finance-commission-arun-jaitley","status":"publish","type":"post","link":"https:\/\/punjabpost.in\/welcome\/120504","title":{"rendered":"The Needless Controversy over the 15th Finance Commission &#8211;  Arun Jaitley"},"content":{"rendered":"<p style=\"text-align: justify;\">Delhi, Apr. 11 (Punjab Post Bureau) &#8211; A needless controversy is sought to be created that the Terms of Reference (ToR) of the 15<sup>th<\/sup> Finance Commission are loaded against any particular region of the country.&nbsp;Nothing could be further from truth.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-80585\" src=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg\" alt=\"arun-jaitley1\" width=\"448\" height=\"279\" srcset=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg 448w, https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1-300x187.jpg 300w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/>&nbsp;The share in Central taxes is allocated to the States based on recommendations made by the Finance Commissions (FCs) to help States to meet fiscal deficiency in providing a minimum standard of services to their people. This calls for assessing States\u2019 \u2018needs\u2019 on rationale and equitable basis. FCs use appropriate criteria to assess true needs of States. Population proxies very well for the needs of the people in quantitative sense. Another criterion, the Income Distance, which captures very well relative poverty of people in the States, is used to assess qualitative needs. These two parameters allocate more resources to the populous and poorer States, which need additional funds for providing education, health and other services to the people, which own resources of these poorer States may otherwise not allow.<\/p>\n<p style=\"text-align: justify;\">&nbsp;The 14<sup>th<\/sup> FC had no specific mandate for using 2011 census. Yet, 14<sup>th<\/sup> FC rightly used the 2011 census population data to capture the demographic changes since 1971 to make realistic assessment of the needs of the States. It allocated 10% weight to 2011 population.&nbsp; The 14<sup>th<\/sup> FC had allocated a 42% share in the Central Taxes to the States more than ever before.<\/p>\n<p>There is specific inclusion of another reference, i.e., \u2018efforts and progress made in moving towards replacement rate of population growth\u2019 in the Terms of References of the 15<sup>th<\/sup> FC. This ToR recognises the efforts of all the States which have done well in population control. This specific ToR would allow the 15th FC to propose a specific incentive Scheme to reward the States which have achieved replacement level of population growth, and also, if the 15<sup>th<\/sup> FC wishes to do so, to assign appropriate weight to the progress made in population control while allocating resources.<\/p>\n<p>&nbsp;<\/p>\n<p>The ToRs of 15<sup>th<\/sup> FC rightly balance both the \u2018needs\u2019 represented by latest population and \u201cprogress towards population control\u201d very well. There is no inherent bias or mandate in the ToRs of the 15<sup>th<\/sup> FC which can be construed as discriminatory against the States which made good progress in population control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi, Apr. 11 (Punjab Post Bureau) &#8211; A needless controversy is sought to be created that the Terms of Reference (ToR) of the 15th Finance Commission are loaded against any particular region of the country.&nbsp;Nothing could be further from truth. &nbsp;The share in Central taxes is allocated to the States based on recommendations made by &hellip;<\/p>\n","protected":false},"author":1,"featured_media":80585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[26,11],"tags":[],"class_list":["post-120504","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-articles","category-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Needless Controversy over the 15th Finance Commission - Arun Jaitley | Punjab Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/punjabpost.in\/welcome\/120504\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Needless Controversy over the 15th Finance Commission - Arun Jaitley | Punjab Post\" \/>\n<meta property=\"og:description\" content=\"Delhi, Apr. 11 (Punjab Post Bureau) &#8211; A needless controversy is sought to be created that the Terms of Reference (ToR) of the 15th Finance Commission are loaded against any particular region of the country.&nbsp;Nothing could be further from truth. &nbsp;The share in Central taxes is allocated to the States based on recommendations made by &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/punjabpost.in\/welcome\/120504\" \/>\n<meta property=\"og:site_name\" content=\"Punjab Post\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/punjabpost.in\/welcome\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-11T17:24:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-11T17:27:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"279\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ppadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ppadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504\",\"url\":\"https:\/\/punjabpost.in\/welcome\/120504\",\"name\":\"The Needless Controversy over the 15th Finance Commission - Arun Jaitley | Punjab Post\",\"isPartOf\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504#primaryimage\"},\"image\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504#primaryimage\"},\"thumbnailUrl\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg\",\"datePublished\":\"2018-04-11T17:24:18+00:00\",\"dateModified\":\"2018-04-11T17:27:19+00:00\",\"author\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/e389e50e8970b30f10352199927e8693\"},\"breadcrumb\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/punjabpost.in\/welcome\/120504\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504#primaryimage\",\"url\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg\",\"contentUrl\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2016\/12\/Arun-Jaitley1.jpg\",\"width\":448,\"height\":279},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/120504#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/punjabpost.in\/welcome\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Needless Controversy over the 15th Finance Commission &#8211; 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