Seventh Finance Commission
The Seventh Finance Commission of India was incorporated in 1978 consisting of Shri J. M. Shelar as the chairman.
Members
The members of the Commission were:[1]
- Shri J. M. Shelat, Chair
- Dr. Raj Krishna
- Dr. C. H. Hanumantha Rao
- Shri. H. N. Ray
- Shri. V. B. Eswaran, Member Secretary
Recommendations
- The share of the states in the net proceeds should be raised to 85% excepting the share of the Union Territories which would be 2.19% of net proceeds
- The inter se distribution between the states should include 10% contribution factor and rest 90% would be on basis of population. The 10% allotment would be based on the State-wise net assessments
References
- ^ "Members of the previous Finance Commissions". Fourteenth Finance Commission. Retrieved 22 July 2017.
Further References
- Sansar Singh Janjua (1999). Centre State Financial Relations in India and Finance Commission. New Delhi, India: Anmol Publications. ISBN 8126102233.
- "Finance Commission India". New Delhi, India: Fourteenth Finance Commission. Retrieved 22 July 2017.
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