Terms of Reference (ToR) for the Sixteenth Finance Commission

GS2/GS3 Paper   Syllabus: Constitutional and non-constitutional bodies   Source: PIB  Context: Recently, the Union Cabinet, chaired by the Prime Minister approved the Terms of Reference (ToR) for the Sixteenth Finance Commission.   The commission will make recommendations on the distribution of net proceeds of taxes between the Union and the States, allocation among the States, …