REPORTS OF THE PREVIOUS FINANCE COMMISSIONS
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Report of The Seventh Finance Commission 1978.

Table of Contents.

  1. Introduction
  2. Reassessment of the Forecasts of State Governments
  3. Reassessment of the resource forecast of the Central Government.
  4. Financing of Relief Expenditure.
  5. Estate duty in respect of Property other than agricultural land.
  6. Additional Duties of Excise.
  7. Grant on account of Wealth tax on Agriculture Fares.
  8. Grant on account of Wealth tax on Agriculture Property.
  9. Centre-State financial relations and our scheme of transfers to the States.
  10. Upgradation of Standards of Administration.
  11. Non-Plan Capital gap of States
  12. General Observations.
  13. Summary of Recommendations.

Notes.

  1. Note by Shri H.N.Ray,outlining his views on the returns fromState electricity boards etc, to be taken into account for the purposes of the forecasts of theState Governments, and the targets of additional resource mobilisation , and note thereon by Chairman and other Members.
  2. Joint Note by Prof. Raj Krishna and Shri H.N. Ray on compensation to States for the loss of revenue consequent on the progressive introduction of prohibition ,and note thereon by Chairman and other Members.
  3. Note of Dissent by Prof. Raj Krishna entitled "A More Equitable Distribution of Resources", and Note thereon by Chairman and other Members.

 

APPENDICES

APPENDIX I Relating to Chapter 2-RE-ASSESSMENT OF THE FORECASTS OF STATE GOVERNMENT ON REVENUE ACCOUNT.
APPENDIX II Relating to Chapter 4- FINANCING OF RELIEF EXPENDITURE.
APPENDIX III Relating to Chapter 6- ADDITIONAL DUTIES OF EXCISE.
APPENDIX IV Relating to Chapter 9-CENTRE-STATE FINANCIAL RELATIONS AND OUR SCHEME OFTRANSPER TO THE STATES.
APPENDIX V Relating to Chapter10-UPGRADATION OF STANDARDS OF ADMINISTRATION.
APPENDIX VI Relating to Chapter 11- NON-PLAN CAPITAL GAP OF STATES.


ANNEXURES

ANNEXURE I Provisions of the Constitution having a bearing on the work of the work of the Finance Commission
ANNEXURE II The Finance Commission (Miscellaneous Provisions) Act, 1951 as amended by the Finance Commission (Miscellaneous Provisions) Amendment Act No. XIII of 1955.
ANNEXURE III Correspondence with Union and State Governments.
ANNEXURE IV Dates of discussions with State Governments and Ministries/Departments of the Central Government.
ANNEXURE V Individuals and Organisations who furnished memoranda to the Commission.
ANNEXURE VI Individuals and representatives of Organisations who met the Commission.
ANNEXURE VII General Tables.