Economics · Public Finance & Finance Commission
Consider the following statements regarding the criteria for the devolution of Central Taxes between the 14th and 15th Finance Commissions: Statement I: The devolution formula shifted from evaluating environmental aspects purely through a 'Forest Cover' metric under the 14th Finance Commission to a broader 'Forest & Ecology' metric under the 15th Finance Commission. Statement II: The 'Forest Cover' metric held a 7.5% weight under the 14th Finance Commission, whereas the 'Forest & Ecology' metric was assigned a weight of 10.0% by the 15th Finance Commission. Statement III: For its interim report covering 2020-21, the 15th Finance Commission retained the older 'Forest Cover' metric before officially transitioning to 'Forest & Ecology'. Statement IV: The 15th Finance Commission maintained the weight of the 'Area' criterion at exactly 15.0% for both its 2020-21 and 2021-26 recommendation periods. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements I, II, and IV✓
- 2Statements I and III
- 3Statements II, III, and IV
- 4Statements I, II, and III
Correct answer
Statements I, II, and IV
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