Which of the following is /are among the noticeable features of the recommendations of the Thirteenth Finance Commission?
- A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design
- A design for the creation of lakhs of jobs in the next ten years in consonance with India’s demographic dividend
- Devolution of a specified share of central taxes to local bodies as grants
Select the correct answer using the codes given below:
Detailed Explanation:
✅ Statement 1 – Correct: The Thirteenth Finance Commission (2010-2015) recommended a detailed roadmap for GST implementation including design features and a compensation mechanism for states transitioning to the new tax regime.
❌ Statement 2 – Incorrect: Job creation falls outside the mandate of Finance Commissions, which are constitutionally tasked with recommending tax devolution and grants-in-aid, not employment generation policies.
✅ Statement 3 – Correct: The Commission recommended grants to local bodies (Panchayats and Municipalities) as a specified share of central taxes, amounting to ₹87,519 crore for the 2010-15 period.
Question 3 of 3 Finance Commission
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With Reference to the Fourteenth Finance Commission, which of the following statement...
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