<h1>15th Finance Commission Discusses Punjab's Panchayati Raj Act, Highlights Limited Function Devolution and Revenue Issues.</h1> The 15th Finance Commission, led by its Chairman, met with over 25 representatives from Punjab's Panchayati Raj Institutions (PRIs) during a visit to the state. Discussions focused on the Punjab Panchayat Raj Act of 1994, which governs local self-governance, and the implementation of the 5th State Finance Commission's recommendations. Only 13 out of 29 functions from the Eleventh Schedule have been devolved to PRIs. Revenue for PRIs is primarily from state and central grants, with negligible own tax revenue. Accounting issues persist, with arrears from 2011-2018 and a lack of consolidated accounts. Performance grants are affected by poor data collection.