Composition
Composition of the Twelfth Finance Commission
| Dr. C. Rangarajan | Chairman | |
| Shri T.R Prasad | Member | IAS (Retd.) |
| Prof. D.K Srivastava | Member | |
| Dr.Shankar Acharya | Member | Part time Member |
| Shri. Som Pal | Member | Part time Member |
| Dr. G.C Srivastava, IAS | Member | Member Secretary |
Note:
Shri Som Pal has resigned with effect from the 14th day of May, 2004. In his place Dr. Shankar N. Acharya has been appointed as Part-time Member since July 2nd, 2004.
Terms of Reference
Twelfth Finance Commission
| Terms of Reference of the Twelfth Finance Commission |  |
Report of the Twelfth Finance Commission (2005-2010)
Twelfth Finance Commission
| Chapter No. | Chapter Name | |||
|---|---|---|---|---|
| Main Page | ||||
| 1 | Introduction | |||
| 2 | Issues and Approach | |||
| 3 | Trends in Central and State Finances | |||
| 4 | Restructuring Public Finances | |||
| 5 | Union Finances: Assessment of Revenue and Expenditure | |||
| 6 | State Finances: Assessment of Revenue and Expenditure | |||
| 7 | Sharing of Union Tax Revenues | |||
| 8 | Local Bodies | |||
| 9 | Calamity Relief | |||
| 10 | Grants-in-aid to States | |||
| 11 | Fiscal Reform Facility | |||
| 12 | Debt Position of States: Relief and Corrective Measures | |||
| 13 | Sharing of Profit Petroleum | |||
| 14 | Institutional Changes and Reforms | |||
| 15 | Concluding Observations | |||
| 16 | Summary of Recommendations | |||
| Complete Report | ||||
| अध्याय संख्या | अध्याय का नाम | |||
|---|---|---|---|---|
| मुख्य पृष्ठ | ||||
| 1 | परिचय | |||
| 2 | मुद्दे और दृष्टिकोण | |||
| 3 | केंद्रीय और राज्य वित्त में रुझान | |||
| 4 | सार्वजनिक वित्त का पुनर्गठन | |||
| 5 | केंद्रीय वित्त: राजस्व और व्यय का आकलन | |||
| 6 | राज्य वित्त: राजस्व और व्यय का आकलन | |||
| 7 | संघ कर राजस्व का बंटवाराs | |||
| 8 | स्थानीय निकाय | |||
| 9 | विपत्ति राहत | |||
| 10 | राज्यों को सहायता अनुदान | |||
| 11 | राजकोषीय सुधार सुविधा | |||
| 12 | राज्यों की ऋण स्थिति: राहत और सुधारात्मक उपाय | |||
| 13 | लाभ पेट्रोलियम का बँटवारा | |||
| 14 | संस्थागत परिवर्तन और सुधार | |||
| 15 | समापन टिप्पणियाँ | |||
| 16 | सिफ़ारिशों का सारांश | |||
| पूरी रिपोर्ट | ||||
Explanatory Memoranda
Twelfth Finance Commission
| Explanatory Memorandum on the Action Taken on the Recommendations of the Twelfth Finance Commissions | |
Study Reports
| Innovation / Best Practices in PRIs - Study by NIRD |  |
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| India's Municipal Sector - Study by NIPFP | |
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| Cost of Provision of Sewerage Water Treatment - Study by I.P.E. Pvt. Ltd. | |
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| Municipal Solid Waste Management - Study by I.P.E. Pvt. Ltd. | |||
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Part 1
Part 2 |
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| Fiscal Sustainability of Debt of States- Study by IIM Ahmedabad (Ravindra Dholokia) | |
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| Inter State Comparison of HDI - By Sh K. Seeta Prabhu, HDRC, UNDP,India | |
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| Prioritzation of subjects for releases of funds to Panchyati Raj Institutions | |
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| The Measures needed to augment the Consolidated Fund of the States for supplementing the resources of LOCAL BODIES based on State Finance Commission Reports - By C S Mishra | |
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| Enhancing Fiscal Efficiency––Through Federal Fiscal Transfers section - ireview of union and state finances -Prepared for The Twelfth Finance Commission-by V.Srinivasan | |
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| Taxes on Commodities and Services in India Estimating Revenue Potential of Harmonized Central and State Taxes-Study by Mahesh C Purohit | |
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| A Case for Phasing out the Subsidy Element: Petroleum Products, Food and Fertilisers: A Study for the Twelfth Finance Commission- Study By Prof. K.S. RAMACHANDRAN Economist & Author | |
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| Performance of SFCs, Impact of their recommendations & suggested framework for the TFC - Study by K. Siva Subrahmanyam, NIRD. | |
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| Measuring Inter-State Differences in Investment Climate-Laveesh Bhandari | |
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| State Public sector undertaking (SPSUs) and State Road Transport Undertakings (SRTUs) by Prof. Pranab Banerji & Prof. P.K. Chaubey | |||
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SPSU
SRTU SRTU Tables |
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| Functioning of Finance Commissions | |
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| Study on State Infrastructure by Nirmal Mohanty | |
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| Commercial viability of State Electricity Boards | |
| Estimating Revenue Potential for a Harmonized System of Commodity Taxes in India | |
| Expenditure Efficiency | |
| Functioning of Finance Commissions | |
| Debt-Sustainability/Debt relief | |
| Reducing Technical and Commercial losses in Electricity Distribution | |
| Explicit Subsidies on Petroleum Products, Food and Fertilizers | |
| Investment Climate Index | |
| Study on disinvestment of Public sector Enterprises(PSEs) | |
| Study on Expenditure Management | |
| Paper on "Whether grants in lieu of taxes on railway Passenger Fares can still be given a view the constitution (80th) Amendment act, 2000" | |
| Study on Constitutional Issues | |
| Study on financing disaster Management | |
| Study on Urban Local Bodies | |
| Study on Rural Local Bodies | |
| Viability of state Road Transport Undertakings and other state PSUs | |
| Financial status of the Irrigation Sectors | |
| Study on fiscal sustainability of debt of Gujarat and five other states | |
| Revenue implications introducing Value Added Tax(VAT) | |
| Study on Cost of Provision of Sewerage, Waste Water Treatment and Drainage | |
| Study on Management of Solid Waste in Indian Cities | |
| Approach that the Finance Commission could have towards the Local Bodies for the devolution of resources | |
| Paper on Tax Effort by Centre and the States | |
Diary of Events
| Meeting of Economists & Economic Administrators | ||||
| 18th Feb 2003 | Delhi | |||
| 10th March 2003 | Chennai | |||
| 17th April 2003 | Mumbai | |||
| 8th May 2003 | Kolkata | |||
| Conference on "Issues before the Twelfth Finance Commission" | |
| National Seminar on Municipal Finance | |
| National Seminar on Panchayati Raj Finance | |
| Workshops on Solid Waste Management in Urban Centres in India | |
| Golden Jubliee of Fiscal Fedralism in India on April 9 - 10, 2003 at Vigyan Bhawan,New Delhi. | ||
| 1 | Inaugural Function |
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| 2 | Meeting with Finance Ministers of states |
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| 3 | Meeting with Chairman and Members of Previous Finance Commissions |
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| 2003-04 | ||||
|---|---|---|---|---|
| Sr No | Name of the State | Dates | Meeting with the CM | |
| From | To | |||
| 1. | West Bengal | 22.07.03 | 25.07.03 | 23.07.03 |
| 2. | Jammu & Kashmir | 29.07.03 | 01.08.03 | 30.07.03 |
| 3. | Andhra Pradesh | 20.08.03 | 23.08.03 | 22.08.03 |
| 4. | Rajasthan | 31.08.03 | 03.09.03 | 01.09.03 |
| 5. | Karnataka | 16.09.03 | 18.09.03 | 17.09.03 |
| 6. | Uttaranchal | 05.10.03 | 07.10.03 | 06.10.03 |
| 7. | Sikkim | 02.11.03 | 05.11.03 | 03.11.03 |
| 8. | Maharashtra | 16.11.03 | 18.11.03 | 17.11.03 |
| 9. | Goa | 19.11.03 | 22.11.03 | 20.11.03 |
| 10. | Gujarat | 30.11.03 | 02.12.03 | 01.12.03 |
| 11. | Himachal Pradesh | 11.12.03 | 13.12.03 | 12.12.03 |
| 12. | Kerala | 22.12.03 | 23.12.03 | 22.12.03 |
| 13. | Assam | 07.01.04 | 09.01.04 | 08.01.04 |
| 14. | Tamil Nadu | 02.02.04 | 03.02.04 | 02.02.04 |
| 15. | Orissa | 11.02.04 | 13.02.04 | 12.02.04 |
| 16. | Tripura | 23.02.04 | 24.02.04 | 23.02.04 |
| 17. | Nagaland | 11.05.04 | 12.05.04 | 12.05.04 |
| 18. | Manipur | 30.05.04 | 31.05.04 | 31.05.04 |
| 19. | Mizoram | 31.05.04 | 01.06.04 | 01.06.04 |
| 20. | Meghalaya | 01.06.04 | 02.06.04 | 02.06.04 |
| 21. | Madhya Pradesh | 07.06.04 | 09.06.04 | 09.06.04 |
| 22. | Arunachal Pradesh | 20.06.04 | 21.06.04 | 21.06.04 |
| 23. | Chattisgarh | 07.07.04 | 09.07.04 | 08.07.04 |
| 24. | Uttar Pradesh | 14.07.04 | 16.07.04 | 15.07.04 |
| 25. | Punjab | 22.07.04 | 23.07.04 | 23.07.04 |
| 26. | Haryana | 23.07.04 | 24.07.04 | 24.07.04 |
| 27. | Jharkhand | 28.07.04 | 29.07.04 | 28.07.04 |
| 28. | Bihar | 29.07.04 | 30.07.04 | 30.07.04 |
Fiscal Profiles of States
| Sources of Data | |
| Mid-Year Population (in '000) |
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| GSDP Comparable |
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| GSDP Comparable (This table is used to work out various ratios) |
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| Committed Expenditure (Interest Payment+Pension+Total Salary Expenditure [Plan & Non-Plan]) |
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| Aid to Local Bodies for Salary (Plan & Non-Plan) |
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| Aid to Educational Institutions for Salary (Plan & Non-Plan) |
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| Salary Expenditure (Plan & Non-Plan)- Government Employees |
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| Total Salary Expenditure (Plan & Non-Plan) (Govt. Employee+Educaional Institutions+Local Bodies) |
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| Others (Reserve Funds + Deposits) |
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| Borrowings (ID+CL+PF) (as on 31st March) |
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| Total Liabilities Outstanding (as on 31st March) |
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| Primary Revenue Surplus/Deficit |
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| Primary Surplus/Deficit |
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| Fiscal Surplus/Deficit |
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| Revenue Surplus/Deficit |
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| Total Expenditure |
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| Capital Outlay |
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| Loan and Advances |
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| Capital Expenditure (Capital Outlay and Loan & Advances) |
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| Total Revenue Expenditure |
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| Plan Revenue Expenditure |
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| Compensation & Assignments to Local Bodies - Non-Plan |
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| Other Economic Services - Non-Plan |
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| Road Transport (3055) - Non-Plan |
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| Power (2801) - Non-Plan |
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| Roads & Bridges (3054) - Non-Plan |
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| Irrigation (2701 & 2702) - Non-Plan |
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| Economic Services - Non-Plan |
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| Other Social Services - Non-Plan |
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| Buildings (2216 & 2059) - Non-Plan |
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| Health (2210 & 2211) - Non-Plan |
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| Education (2202 to 2205) - Non-Plan |
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| Social Services - Non-Plan |
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| Other General Services (Excluding Lottery) - Non-Plan |
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| Pension Payments - Non-Plan |
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| Interest Payments - Non-Plan |
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| General Services - Non-Plan |
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| Non Plan Revenue Expenditure [Excluding Lottery] |
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| Total Receipts (Revenue Receipts+Non-debt Capital Receipts) |
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| Non Debt Capital Receipts (NDCR) |
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| Total Revenue Receipts |
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| Plan Grants |
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| Non Finance Commission Non-Plan Grants |
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| Finance Commission Grants |
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| Total Grants |
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| Share in Taxes and Duties |
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| Total Central Transfer |
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| States Own Revenue-SOR |
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| Other Economic Services |
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| Other Social Services |
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| Other General Services (Excluding Lottery) |
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| Lottery (Net) |
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| Irrigation (Major, Medium & Minor) |
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| Forestry & Wild Life |
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| Royalty (Petroleum, Coal & Lignite and Metallurgical Industries) |
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| Dividends |
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| Interest Receipts |
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| Own-Non Tax Revenue [Include Net Lottery] |
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| Own Tax Revenue |
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| AGGREGATE OF NON SPECIAL CATEGORY STATES |
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| AGGREGATE OF SPECIAL CATEGORY STATES |
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| Aggregate of All States |
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| Andhra Pradesh |
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| Arunachal Pradesh |
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| Assam |
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| Bihar |
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| Chattisgarh |
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| Goa |
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| Gujarat |
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| Haryana |
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| Himachal Pradesh |
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| Jammu and Kashmir |
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| Jharkhand |
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| Karnataka |
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| Maharashtra |
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| Manipur |
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| Meghalaya |
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| Mizoram |
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| Nagaland |
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| Orissa |
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| Punjab |
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| Rajasthan |
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| Sikkim |
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| Tamilnadu |
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| Tripura |
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| Uttaranchal |
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| Uttar Pradesh |
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| West Bengal |
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Public Call For Suggestions
| Notice Issued | |
| Economists Suggestions |
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| Memoranda From Associations | ||
| All India State Government Employees Fedration,Calcutta | |
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| Gist of Public Suggestions |
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| Suggestions Received from Public (By letter): | ||
| Part 1 |
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| Part 2 |
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| Part 3 |
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| Part 4 |
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Call for suggestions from state Government on Terms of Reference
| Letters Issued | |
| Suggestions Received | |
Topics on which notes are required from state Government
| Topics on which notes are required from state Government | |
Questionnaire
Thirteenth Finance Commission
| Sr No. | Statement | Subject | Page No. | Document |
|---|---|---|---|---|
| 1. | 1 | Summary of Revenue & Capital Account | 1-2 | |
| 2. | 2 | Revenue Receipts | 3-9 | |
| 3. | 3 | Revenue Expenditure | 10-27 | |
| 4. | 4 | Capital Expenditure | 28-35 | |
| 5. | 5 | Total Number of State Government Employees and Expenditure during 1994-95 to 2003-04. | 36-37 | |
| 6. | 6 | Total Number of Employees in Fully Aided Institutions and Expenditure during 1994-95 to 2003-04 | 38 | |
| 7. | 7 | Total Number of Pensioners and Expenditure on Pension | 39 | |
| 8. | 8 | Rates of Irrigation from Government Sources | 40 | |
| 9. | 9 | Existing Rates of Electricity Supply and Electricity Duty for different categories of consumers | 41 | |
| 10. | 10 | Previous and Existing Rates of Bus Fares | 42-43 | |
| 11. | 11 | Revenue from Forest Produce | 44 | |
| 12. | 12 | Royalties from Major Minerals | 45 | |
| 13. | 13 | Additional Resource Mobilisation by the State Government. | 46-48 | |
| 14. | 14 | Details of Tax/Non-Tax Concessions | 49-51 | |
| 15. | 15 | Arrears of Tax/Non-Tax Revenues | 52 | |
| 16. | 16 | Grants from the Central Government | 53 | |
| 17. | 17 | Grants for Upgradation, Special Problems, Calamity Relief and Local Bodies | 54-55 | |
| 18. | 18 | Loans from the Central Government | 56 | |
| 19. | 19 | Assets and Liabilities of the State Government | 57-59 | |
| 20. | 20 | Financial Assistance from Autonomous Bodies to the State Government | 60 | |
| 21. | 21 | Details of Ad-hoc Financial Grants/Subsidy received from Statutory/Non-Statutory Bodies | 61 | |
| 22. | 22 | Position of Deposits | 62 | |
| 23. | 23 | Details of Government Dues and Loan Written Off | 63 | |
| 24. | 24 | Receipts, Payments and Balance in Reserve Fund | 64 | |
| 25. | 25 | Amounts Transferred to and from Funds on Revenue Account | 65 | |
| 26. | 26 | Details of Calamity Relief | 66-67 | |
| 27. | 27 | Plan Outlay and Central Assistance | 68 | |
| 28. | 28 A | Balance from Current Revenues | 69-70 | |
| 29. | 28 B | Miscellaneous Capital Receipts and Non-Plan Disbursements | 71-73 | |
| 30. | 28 C | Financing of State Plan | 74-76 | |
| 31. | 29 | External Assistance received for Financing State Plan | 77 | |
| 32. | 30 | Expenditure on the Maintenance of Assets and Assets generated in the Plan Schemes likely to be completed by 31.3.2005 | 78 | |
| 33. | 31 | Expenditure on the Maintenance of Buildings and Roads | 79-80 | |
| 34. | 32 | Net Area Irrigated by Government Sources | 81 | |
| 35. | 33 | Expenditure on Maintenance of Irrigation Works | 82 | |
| 36. | 34 | Length and Capital Cost of Flood Embankments, Drainage Channels etc. | 83 | |
| 37. | 35 | Expenditure on Maintenance of Flood Embankments, Drainage Channels etc. | 84 | |
| 38. | 36 | Route Operation of Buses | 85 | |
| 39. | 37 | Financial Performance of SRTCs | 86-87 | |
| 40. | 38 | Utilisation of Fleet | 88 | |
| 41. | 39 | Expected Performance of SRTC during the Forecast Period | 89 | |
| 42. | 40 | Capital Structure of Power Department and its Working | 90-93 | |
| 43. | 41 | Per Unit Cost of Energy Generated | 94 | |
| 44. | 42 | Expected Performance of SEB during the Forecast Period | 95 | |
| 45. | 43 | Capital Base and Returns thereon | 96-97 | |
| 46. | 44 | Expected Performance of SPSEs during the Forecast Period | 98 | |
Material for Local Body Finance
| Letters to States | |
| Schedules | |
| Notes on Issues | |
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