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Discuss the constitutional provisions available for the Finance Commission of India and explain its significance. Also, examine the major recommendations of the recently released interim report of the 15th Finance Commission.

Topic:  Indian Constitution– historical underpinnings, evolution, features, amendments, significant provisions and basic structure.

3. Discuss the constitutional provisions available for the Finance Commission of India and explain its significance. Also, examine the major recommendations of the recently released interim report of the 15th Finance Commission.(250 words)

Reference: The Hindu

Why this question:

The report of the 15th Finance Commission headed by N K Singh was tabled in Parliament. Thus the context of the question.

Key demand of the question:

The question is straightforward and aims to note upon Finance commission and the recently released interim report.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction:

Briefly explain the constitutional provisions of FC.

Body:

Start by explaining the working and purpose of the FC; The Finance Commission is a body set up under Article 280 of the Constitution, primarily to recommend measures and methods on how revenues, which the government earns through various taxes, need to be distributed between the Centre and the states. Discuss the related provisions of it in detail.Bring out the highlights of Interim Report of 15th FC.

Conclusion:

Conclude by relevance of the released interim report of the 15th Finance Commission.

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