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of <h1>15th Finance Commission Reviews Karnataka's Panchayati Raj Fiscal Devolution, Notes Shortfalls in Grants Since 2015.</h1> The 15th Finance Commission, led by its Chairman, met with representatives of Karnataka's Panchayati Raj Institutions (PRIs) to discuss fiscal devolution. Karnataka has devolved all 29 functions to its 6228 PRIs and follows the 4th State Finance Commission's recommendations to increase devolution from 42% to 48% of non-loan net own revenue. However, there have been shortfalls in releasing basic and performance grants since 2015, and no performance grants were released in 2018-19. The Commission noted these issues and will consider them in its recommendations to the Central Government.
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