https://www.taxtmi.com/news?id=20091 Terms of Reference (TOR) do not prevent the Finance Commission from assigning weight to multiple variables and using a mix of rewards and incentives in devolution to avoid penalising states with demographic progress. The Commission will balance equity and efficiency, consider population among several factors, seek further data on fund utilisation and State Finance Commission implementation, and address Kerala's fiscal challenges including debt, deficits, capital expenditure needs, ageing liabilities and stressed public undertakings. en-us Thu, 31 May 2018 14:08:56 +0530 Thu, 31 May 2018 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20091 Terms of Reference (TOR) do not prevent the Finance Commission from assigning weight to multiple variables and using a mix of rewards and incentives in devolution to avoid penalising states with demographic progress. The Commission will balance equity and efficiency, consider population among several factors, seek further data on fund utilisation and State Finance Commission implementation, and address Kerala's fiscal challenges including debt, deficits, capital expenditure needs, ageing liabilities and stressed public undertakings. News - Thu, 31 May 2018 14:08:56 +0530 https://www.taxtmi.com/news?id=20091