With reference to the Fourteenth Finance Commission, which of the following statements is/are correc

Question

With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?It has increased the share of States in the central divisible pool from 32 percent to 42 percent.It has made recommendations concerning sector-specific grants.Select the correct answer using the code given below.

Accepted Answer

The Fourteenth Finance Commission (FFC) has significantly increased the share of the states in the central divisible pool from the previous 32 percent to 42 percent. This marks the largest increase in vertical tax devolution to date. Unlike the Thirteenth Finance Commission, the FFC did not make any recommendations concerning sector-specific grants.Source: Economic Survey Volume 1 Chapter 10