SIXTEENTH FINANCE COMMISSION OF INDIA

Report of Seventh Finance Commission

Composition

Composition of the Seventh Finance Commission

Shri J.M. Shelat	Chairman
Dr. Raj Krishna	Member
Dr. C.H. Hanumantha Rao	Member
Shri H.N. Ray	Member
Shri V.B. Eswaran	Member	Member Secretary

Terms of Reference

Seventh Finance Commission

Terms of Reference of the Seventh Finance Commission

Report of The Seventh Finance Commission 1978.

Table of Contents.

I	Introduction
II	Reassessment of the Forecasts of State Governments
III	Reassessment of the resource forecast of the Central Government.
IV	Financing of Relief Expenditure.
V	Estate duty in respect of Property other than agricultural land.	-
VI	Additional Duties of Excise.
VII	Grant on account of Wealth tax on Agriculture Fares.
VIII	Grant on account of Wealth tax on Agriculture Property.
IX	Centre-State financial relations and our scheme of transfers to the States.
X	Upgradation of Standards of Administration.
XI	Non-Plan Capital gap of States
XII	General Observations.
XIII	Summary of Recommendations.

Notes

I	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.
II	oint 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.
III	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.

Explanatory Memoranda

Seventh Finance Commission

Explanatory Memorandum on the Action Taken on the Recommendations of the Seventh Finance Commissions