14th finance commission: Recommendations - General Economics & Indian Economy

Q.  Consider the following statements related to 14th finance commission

1. Vijay Kelkar is chairman of 14th finance commission
2. It has increased states share in central taxes from 32% during last commission to 42%
3. States be taken away from operation of NSSF (National Small Saving Fund) with effect from next financial year
4. States should empower local bodies to impose advertisment tax to augment their revenues

Which of the above statements are true?
- Published on 30 Mar 15

a. 1,2
b. 2,3
c. 1,3
d. All the above

ANSWER: 2,3
 
Y V Reddy is chairman of 14th finance commission

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