Finance Commission Explained | Role, Functions for Competitive Exams | Economics for SSC & UPSC скачать в хорошем качестве

Finance Commission Explained | Role, Functions for Competitive Exams | Economics for SSC & UPSC

Finance Commission Explained | Role, Functions for Competitive Exams | Economics for SSC & UPSC In this video, we simplify the role, function, and importance of the Finance Commission—a topic that’s consistently asked in UPSC, SSC, State PSCs, and other competitive exams. 📌 In This Video, You’ll Learn: ✅ What is the Finance Commission? Constitutional basis (Article 280) Why it’s called the “guardian of fiscal federalism” ✅ How is it Formed? Who appoints the members? What is its tenure? (Hint: Quinquennial—every 5 years!) ✅ Major Functions & Responsibilities: Vertical Devolution (Centre → States fund sharing) Horizontal Devolution (State-to-State distribution criteria) Grants-in-aid to states in need Recommendations on fiscal discipline and disaster management funds ✅ Key Terms Simplified: Devolution Formula – Income distance, population, area, forest cover, etc. Divisible Pool – What taxes are shared? Revenue Deficit Grants ✅ Recent Finance Commissions: Quick highlights of 14th & 15th Finance Commission Major changes introduced by FC-XV (including the impact of the 2011 census and new cess/surcharge rules) ✅ Why is it Controversial? States vs. Centre debates Issues like populations census date, weightage to performance-based incentives *********************** 👉 Class’ PDF link: https://parchamclasses.in/product/fin... 👉YouTube Class Feedback Form: https://forms.gle/T29dehoeEwsQkGjVA *********************** Courses 👉 All in One State PCS (Pre + Mains) Batch 2026–27 (LIFETIME) - https://bulf.short.gy/s8ECy0 👉 NCERT ADVANCED BATCH 2025–26 (LIFETIME) - https://bulf.short.gy/yp9gPO 👉 SSC + Railway Mega Combo Batch 2026-27 (LIFETIME) - https://bulf.short.gy/eWC0XN 👉 SSC Static GK Batch 2026-27 (LIFETIME) - https://bulf.short.gy/QqDo2W 👉 SSC GENERAL AWARENESS Batch 2026-27 (LIFETIME) - https://bulf.short.gy/TNh1BF 👉 SSC Comprehensive Batch 2026-27 (LIFETIME) - https://bulf.short.gy/HjxqGE 👉 Railway Comprehensive Batch 2026-27 (LIFETIME) - https://bulf.short.gy/aasBpU *********************** Current Affairs Subscriptions: 2025-26 👉 CA Monthly e-Magazine Subscription 2025-26 - https://bulf.short.gy/Zlu1ih 👉 Current Affairs Complete Kit 2025 - 26 (July’25 –June’26) - https://bulf.short.gy/jeujyc 👉 Sawaal CA Objective e-Book Subscription July 2025-June 2026 - https://bulf.short.gy/nnt0Ua 👉 Raftaar CA Headliner Subscription July 2025 - June 2026 - https://bulf.short.gy/1KoWr1 Current Affairs Subscriptions: 2025 👉 6 MONTHLY RAFTAAR CA HEADLINER JAN-JUNE 2025 - https://bulf.short.gy/wV81hS 👉 6 Monthly Sawaal CA Objective eBook – January to June Edition 2025 - https://bulf.short.gy/2U2E7d 👉 6 Monthly CA Magazine (January - June 2025) - https://bulf.short.gy/imT7T3 Test Series & One Liner: 👉 Current Affairs Test Series 2025: https://bulf.short.gy/sHvkyn 👉 All in One - All State PSC One liner (English) - https://bulf.short.gy/b5U9rz 👉 Punjab PSC Prelims Mock test series - https://bulf.short.gy/T1SR0z 👉 SSC ONE LINER- 2025 - https://bulf.short.gy/esO6wV *********************** Important Playlists 👉 2025 Daily CA Playlist: https://bulf.short.gy/6UttR0 👉 2025 Monthly CA: https://bulf.short.gy/ouCiiR 👉 2025 Weekly Current Affair: https://bulf.short.gy/VNx6wA 👉 2025 Weekly & Monthly Current Banking CA: https://bulf.short.gy/VNx6wA 👉 2024 Yearly CA: https://bulf.short.gy/G1F9Uq 👉 2025 6 Months Current: https://bulf.short.gy/QCf5ud *********************** Parcham App: 👉 “Explore all courses now on the Parcham App – Download today!” - https://web.parchamclasses.in/ *********************** 👉 Parcham Website: https://bulf.short.gy/Kqre2h *********************** Social Media Links 👉 Instagram:- https://www.instagram.com/parcham.cla... 👉 Facebook Page:- https://www.facebook.com/profile.php?... 👉 Telegram Group: https://t.me/PARCHAMCLASSES06 *********************** 👉 Amazon Product links: Anti-Slip Desk Mat Mouse Pad: https://amzn.to/4cpEA92 Creative Pebble 2.0 USB-Powered Desktop Speakers: https://amzn.to/3PuEnau Mizi AirPods - https://amzn.to/3x6AO4g Hykes Knee & Calf Compression Sleeve with Anti Slip - https://amzn.to/43uqqzu ASTRIDE Rapid High Bar Chair/Kitchen Stool (Black) - https://amzn.to/3PwVKrg Torche Wall Mounted [40x16 inches] Folding Table - https://amzn.to/3TuzD62 Corazzin Garden Patio Seating Chair and Table Set Outdoor Balcony - https://amzn.to/3TrnHlx GRIFFIN Basket Ball Ring - https://amzn.to/3Tjt6uM #FinanceCommission #IndianEconomy #EconomicsForExams #FiscalFederalism #UPSCPreparation #SSCExams #PSCPreparation #ParchamClasses #CurrentAffairs2025 #EconomicsReels #CompetitiveExams #GovernmentExams #IndianPolity #EconomyUpdates #StudyReels #EducationReels #GKForExams #TrendingReels #InstaReels