16th Finance Commission Report Explained (2026–31) | Tax Devolution, Grants 16 వ ఆర్ధిక సంఘం నివేదిక скачать в хорошем качестве

16th Finance Commission Report Explained (2026–31) | Tax Devolution, Grants 16 వ ఆర్ధిక సంఘం నివేదిక

Notes and course link: https://qhjvqh.courses.store/791594?u... 📣App link for Android users: https://clpdiy4.page.link/2Tn7 Apple: ORG code (qhjvqh) Santhosh Rao Sir classes iPhone App link: Link: "https://apps.apple.com/in/app/classpl...". Registration process: ✔️ Step 01: Students will need to download this IOS app by using the above link ✔️ Step 02: Enter your contact number ✔️ Step 03: Enter ORG code (qhjvqh) ✔️ Step04: You will be redirected to Santhosh Rao Sir Classes app and will be able to use the app. The 16th Finance Commission Report was tabled in Parliament on 1 February 2026 along with the Union Budget and accepted by the Government for the award period 2026–27 to 2030–31. In this video, we explain the complete report in a simple, analytical, and exam-ready manner, covering all static + current linkages relevant for UPSC Prelims & Mains. 🔍 What you’ll learn in this video: 📌 Constitutional Basis • Finance Commission under Article 280 • Role of Article 281 and Parliamentary accountability 📌 Composition of the 16th Finance Commission • Chairmanship of Dr. Arvind Panagariya • Appointment by the President of India 📌 Vertical Devolution • States’ share retained at 41% of central taxes • Meaning of divisible pool 📌 Horizontal Devolution – Major Shift • Reduced weight to Income Distance • New 10% weight to Contribution to GDP • Weights for Population (2011), Demographic Performance, Forest & Ecology • Why southern and economically stronger states benefit 📌 Grants-in-Aid Reforms • Total grants: ₹9.47 lakh crore • Discontinuation of revenue deficit & sector-specific grants • Shift towards outcome-based fiscal transfers 📌 Local Body Grants (₹7.91 lakh crore) • Rural vs Urban allocation • Basic grants vs Performance grants • New Urbanisation Premium & Special Infrastructure Grant 📌 Disaster Management Funding • SDRF & SDMF • Climate resilience and cost-sharing formula 📌 Fiscal Roadmap & Debt Targets • Fiscal deficit targets for Centre & States • End of off-budget borrowings • Debt-GDP trajectory till 2031 📌 Power Sector, Subsidy & PSE Reforms • DISCOM privatisation & SPV model • Subsidy rationalisation • Closure/privatisation of inactive State PSEs 📌 Overall Significance • Strengthening cooperative but accountable fiscal federalism • Balancing equity + efficiency • Promoting long-term fiscal sustainability 🎓 Useful for: ✔ UPSC CSE (Prelims & Mains) ✔ GS Paper II – Polity & Federalism ✔ GS Paper III – Economy & Public Finance ✔ State PSCs & Competitive Exams 📌 Like | Share | Subscribe for structured UPSC current affairs explanations. "Welcome to Santhosh Rao sir classes: Your Ultimate UPSC and Competitive Exams Guide! 📚🌟 Are you aspiring to crack the UPSC or other competitive exams with flying colors? You're in the right place! Our channel is your one-stop destination for expert guidance, comprehensive study materials, and insightful strategies to help you excel in your UPSC and competitive exams. Here's what you can expect from us: 📖 In-depth Exam Syllabus Coverage 📝 Proven Exam Strategies and Tips 📊 Current Affairs Updates 📚 Subject-wise Study Materials 🎯 Mock Tests and Practice Papers 🧠 Mind-blowing Success Stories #santhoshraosir #santhoshraosirclasses #santhoshraoupsc #santhoshraomenneni