Indian Polity · Local Self Government
The State Finance Commission constituted under Article 243I makes recommendations to the Governor regarding the principles governing which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The consolidated expenditure limits for rural developmental schemes launched by the Union Government
- 2The authorization of Panchayats to borrow money directly from international financial institutions
- 3The distribution between the State and the Panchayats of the net proceeds of the taxes leviable by the State✓
- 4The assignment of central tax revenues to the state government
Correct answer
The distribution between the State and the Panchayats of the net proceeds of the taxes leviable by the State
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