3 Indian & AP Economy and Planning · 3.4.5 Public finance

3.4.5.11 Fifteenth and Sixteenth Finance Commissions: devolution criteria and grants

The 15th Finance Commission (chair N.K. Singh) set the States' share at 41% for 2021-26; the 16th (chair Arvind Panagariya) kept 41% for 2026-31 but added a new criterion based on a State's contribution to GDP.

  • APPSC Group 1
  • Advanced level
  • 7 min read
  • Full course

Key terms

  • 15th Finance Commission
  • 16th Finance Commission
  • N.K. Singh
  • Arvind Panagariya
  • income distance
  • demographic performance
  • forest and ecology
  • tax effort
  • local body grants
  • disaster grants

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. AP angleStandard
  5. Mains writingMains writing
  6. Common trapsFoundation
  7. Quick revisionFoundation

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