Seventh Finance Commission

The Seventh Finance Commission of India was incorporated in 1978 consisting of Shri J. M. Shelar as the chairman.

Members

The members of the Commission were:[1]

  • Shri J. M. Shelat, Chair
  • Dr. Raj Krishna
  • Dr. C. H. Hanumantha Rao
  • Shri. H. N. Ray
  • Shri. V. B. Eswaran, Member Secretary

Recommendations

  • The share of the states in the net proceeds should be raised to 85% excepting the share of the Union Territories which would be 2.19% of net proceeds
  • The inter se distribution between the states should include 10% contribution factor and rest 90% would be on basis of population. The 10% allotment would be based on the State-wise net assessments

References

  1. ^ "Members of the previous Finance Commissions". Fourteenth Finance Commission. Retrieved 22 July 2017.

Further References

  • Sansar Singh Janjua (1999). Centre State Financial Relations in India and Finance Commission. New Delhi, India: Anmol Publications. ISBN 8126102233.
  • "Finance Commission India". New Delhi, India: Fourteenth Finance Commission. Retrieved 22 July 2017.
  • v
  • t
  • e
India Ministry of Finance (India)
Departments
Economic Affairs
Expenditure
Revenue
Financial Services
DIPAM
DPE
  • Efficient monitoring of the capital expenditure
  • Asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs)
Emblem of India
Secretaries
Economic Affairs
  • Rajiv Mehrishi
  • Shaktikanta Das
  • Subhash Chandra Garg
  • Atanu Chakraborty (incumbent)
Revenue
Finance
Finance MinistersMinisters of State
for FinanceChief Economic
AdvisorFinance Commissions
  • v
  • t
  • e
1950–2000
  • 1st (1952–1957)
  • 2nd (1957–1962)
  • 3rd (1962–196)
  • 4th (1966–1969)
  • 5th (1969–1974)
  • 6th (1974–1979)
  • 7th (1979–1984)
  • 8th (1984–1989)
  • 9th (1989–1995)
  • 10th (1995–2000)
2000–2050
  1. ^ Initially 15th commission was set up for the period from 2020-25, but due to COVID-19 pandemic, the commission's term was set from 2021 to 2026.


Stub icon

This article about the law of India is a stub. You can help Wikipedia by expanding it.

  • v
  • t
  • e