Question

Who is the chairman of 14th Finance Commission?
1. Vijay Kelkar
2. Arvind Subramaniam
3. YV Reddy
4. C. Rangarajan

Answer 1

Correct Answer - Option 3 : YV Reddy

The correct answer is YV Reddy.

• Y V Reddy was the chairman of the 14th finance commission.
• The FCC has submitted its recommendations for the period 2015-16 to 2020-21.
• Some of the major recommendations are as follows:
  • the FCC has radially enhanced the share of the states in the central divisible pool from the current 32% to the 42% which is the biggest ever-increasing vertical tax devolution.
  • The FCC has also propose a new horizontal formula for the distribution of the state share in the divisible pool among these States.
  • Relative to the 13th finance commission the FCC has incorporated new variables 2011 population and forest cover and excluded the fiscal discipline variable.
  • The assessee has not made any recommendations

• The chairman of the 15th Finance commission is N.K. Singh.
  • Its recommendations will cover a period of five years from the year 2021-22 to 2025-26.
• Dr. Vijay Kelkar is one of India's pre-eminent economists.
  • He is a former Finance Secretary and was Chairman of the Thirteenth Finance Commission of India.
• Arvind Subramanian is a professor of economics at Ashoka University and founding director of the Ashoka Center for Economic Policy (ACEP).
• C. Rangarajan is an Indian economist, a former Member of Parliament, and 19th Governor of the Reserve Bank of India.