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English Release 27-November 2014
Date Month Year
  • President's Secretariat
  • President of India attends Birth Centenary Celebrations of Chaudhary Ranbir Singh
  • President of India to visit West Bengal, Uttar Pradesh and Odisha from November 28 TO 30
  • Department of Atomic Energy
  • New Atomic Power Plants
  • Administrative Arrangement Agreement with USA
  • Power Generation Through Atomic Energy
  • Thorium Reserves in Country
  • Deposits of Rare Earths
  • Election Commission
  • FACTS AT A GLANCE- JHARKHAND
  • Min for Develop. of North-East Region
  • Role of North Eastern Regional Agricultural Marketing Corporation
  • Min of Agriculture
  • Union Agriculture Minister, Shri Radha Mohan Singh has expresses happiness over establishment of Mahatma Gandhi Central University in Motihari
  • Min of Civil Aviation
  • Tourist Visa on Arrival Enabled with ETA Scheme Launched
  • Min of Coal
  • Production of Coal
  • Quantum & Value of Coal Reserves
  • Setting up of Independent Regulator for Coal Sector
  • Auction of Coal Blocks
  • Sampling of Coal
  • Min of Defence
  • Indian Air Force and Russian Federation Air Force Joint Exercise “Avia Indra I” at AF Stn Halwara Concluded
  • GRSE, Kolkata pays Dividend to the Government of India
  • DGDE Contributes 48.9 lakhs to Prime Minister’s National Relief Fund
  • Min of Earth Science
  • Monitoring of Variability of Weather Phenomena
  • Proposal to Conversion of Sea Water Into Potable Water
  • Mapping of Multi-Hazard Coastal Vulnerability
  • NASA Aircraft for Prediction of Cyclones
  • Ministry of Finance
  • FM Revises the Target of Opening of Bank Accounts under PMJDY to 10 Crore by 26th January, 2015
  • Finance Minister Shri Arun Jaitley Reiterates The Government’s Vision and Commitment for Working Towards Expanding and Deepening Engagements and Relations Between India and China Based on Mutual Complementarities and Common Interests;
  • Min of Health and Family Welfare
  • Health Minister Shri J P Nadda speaks to CM, Kerala on Avian Flu Cases
  • Min of Heavy Ind. & Public Enterprises
  • Protection of Capital Goods Industry
  • Formation of SC/ST Employees’ Welfare Organisation in CPSU
  • Min of Home Affairs
  • MoS (Home) ShriKirenRijiju says the Government is formulating a National Action Plan on Birth and Death Registration
  • Union Home Minister & Tourism Minister launch landmark Tourist Visa on Arrival Enabled with Electronic Travel Authorization Scheme
  • Min of Housing and Urban Poverty Alleviation
  • 16,600 homeless in Delhi; more night shelters to be built
  • Min of Information & Broadcasting
  • Govind Nihalani pays a glowing tribute to the iconic V K Murth
  • Kannada film industry in urgent need of Government financial support and subsidies: P. Sheshadri, Director of Kannada film December –
  • Directors of the Chinese Film ‘Genuine Love’ hope to make films with Indian directors by next year
  • Othello: An Assamese Film Portraying Life as a Perennial River
  • North 24 Kaadham: A Film Full of Optimism
  • The mission of mothers is to see the happiness of their children but we destroy their mission by making war says director Elchin Musaoglu
  • Music Recording comes out of the Shadows
  • Lokmanya Tilak Continues to Inspire Youth at IFFI 2014
  • Min of Micro,Small & Medium Enterprises
  • Strengthening of Khadi and Village Industries Commission
  • Review of financial architecture of MSMEs
  • Special employment through Khadi and Village Industries (KVI) Commission
  • Protection of MSME Sector
  • Entrepreneurship Development Programme in the Country
  • Min of Minority Affairs
  • Multi-Sectoral Development Programme
  • Min of New and Renewable Energy
  • Jawaharlal Nehru National Solar Mission
  • Setting Up of 25 Solar Parks
  • Investment in Renewable Energy Sector
  • Min of Personnel, Public Grievances & Pensions
  • Showcasing of commendable work done during Service
  • Complaint against the CSAT Examination Pattern
  • Disposal of Appeals by CIC
  • Establishment of Jan Lokpal
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 76.00 per bbl on 26.11.2014
  • Min of Power
  • Power Pavilion Bags Gold Medal at IITF -2014
  • Steps to Overcome the Shortcomings in Supply of Power
  • Round the Clock Supply of Power
  • Deen Dayal Upadhyaya Gram Jyoti Yojana
  • Ministry of Railways
  • Sreedharan Submits One-Man Committee’s Interim Report to Railway Minister
  • Railways’ Solar Power and Wind Mill Plant
  • Committee on Restructuring of Railways
  • Upgradation of Railways’ E-Ticketing System
  • Railways Launches Automatic Freight Rebate Scheme for Traffic Booked in Empty Flow Directions as a Pilot Project
  • Ongoing Railway Projects in North Eastern Region
  • Provision of Medical First Aid in Trains
  • Min of Road Transport & Highways
  • Current Year Targets 8500 km of National Highways
  • Min of Rural Development
  • There will be no dilution of MGNREGA, Says Birender Singh
  • Safe Drinking Water to all Rural Habitations by 2022-Birender Singh.
  • Min of Science & Technology
  • GDP in Science Research
  • Min of Shipping
  • Government Takes Steps to Increase Coastal Movement of Cargo
  • Government to Expand Capacity of Ports
  • Cochin Shipyard Delivers Nine FPVs to Coast Guard
  • Min of Social Justice & Empowerment
  • Self employment training programme for differently abled persons.
  • Reservation for disabled
  • Granting allocation to NGOs made more transparent
  • Min of Textiles
  • Textiles Minister Inaugurates ‘International Conference on Innovative Ideas, Technologies and Services
  • Online Marketing Platform to Handloom Weavers
  • Memorandum from All India Kisan Sabha
  • Promotion of Handloom Industry
  • Handloom and Powerloom Sectors
  • Min of Urban Development
  • Shri M.Venkaiah Naidu discusses major Delhi developmental issues With LG Shri Najib Jung
  • Ministry of Water Resources
  • Cleaning of Yamuna River
  • Cleaning Of Ganga
  • Groundwater in Rural Areas

Previous Date

 
Ministry of Finance14-November, 2007 17:28 IST
13th Finance Commission Constituted
The President has constituted the Thirteenth Finance Commission under Article 280 (1) of the Constitution. Dr. Vijay L. Kelkar, former Union Finance Secretary and Adviser to the Finance Minister has been appointed as Chairman of the Commission. Shri B.K Chaturvedi, Member, Planning Commission will be the part-time Member, and Dr. Indira Rajaraman, Emeritus Professor, National Institute of Public Finance and Policy, Dr. Abusaleh Shariff, Chief Economist, National Council of Applied Economic Research, Prof. Atul Sarma, Former Vice-Chancellor, Rajiv Gandhi University (formerly Arunachal University) shall be the full time Members of the Commission. Shri Sumit Bose will be the Secretary to the Commission.

The Finance Commission is a Constitutional body set up every five years to make recommendations relating to the distribution of the net proceeds of taxes between the Union and the States, the principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India and the measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and the Municipalities. In addition, any other matter may be referred to the Commission by the President in the interests of sound finance.

Apart from the terms of reference specifically laid down in the Constitution, the Thirteenth Finance Commission will review the state of finances of the Union and the States keeping in view the operation of the States’ Debt Consolidation & Relief Facility 2005-2010(DCRF) and suggest measures for maintaining a stable and sustainable fiscal environment consistent with equitable growth. The Thirteenth Finance Commission will also review the present arrangements as regards financing of Disaster Management with reference to the National Calamity Contingency Fund and the Calamity Relief Fund and the funds envisaged in the Disaster Management Act, 2005.

As in the case of the previous Finance Commissions, the 13th Finance Commission will also take into consideration various aspects while making its recommendations. These relate to assessment of the resources of the Centre and the State for the five year period, taxation efforts and the potential of additional revenue mobilization, demands on the resources of the Central Government, the requirement of States to meet the non-salary component of maintenance expenditure on capital assets and plan schemes, the objective of not only balancing receipts and expenditure but also generating surpluses, and the need to ensure commercial viability of irrigation and power projects, departmental undertakings and public sector enterprises through various means including levy of user charges and adoption of measures to promote efficiency.

The 13th Finance Commission will also take into consideration the likely impact of the proposed implementation of Goods and Services Act (GST) with effect from 1st April, 2010, including its impact on foreign trade. The Finance Commission has also been asked to consider the need to improve the quality of public expenditure to obtain better outputs and outcomes. The need to manage ecology, environment and climate change consistent with sustainable development, which is an issue of national concern will also be taken into account by the 13th Finance Commission.

The recommendations of the Thirteenth Finance Commission will cover the period of five years from Ist April, 2010 to 31st March 2015. The Commission is expected to make available its report by 31st October, 2009.

BSC/RP/GN-473/07
(Release ID :32658)

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