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📚 In this video, we decode the 16th Finance Commission (FC) — its tenure extension, constitutional basis, and the emerging fiscal decentralisation challenges in India. We cover everything from Article 280, functions of the Finance Commission, and urban fiscal issues to key terms of reference (ToR) and policy reforms needed for strengthening local body finances. 🔍 Key Highlights: 1️⃣ 16th Finance Commission – Extension & Composition 2️⃣ Functions under Articles 275 & 280 3️⃣ Urban Fiscal Crisis – Causes & Data (RBI, OECD) 4️⃣ Terms of Reference (ToR) of 16th FC 5️⃣ Comparison – 14th vs 15th Finance Commissions 6️⃣ Steps to Strengthen Urban Finances 7️⃣ Way Forward for Fiscal Federalism in India 🧩 Why Important for UPSC? 📍GS Paper 2: Governance & Devolution 📍GS Paper 3: Indian Economy, Fiscal Policy, Inclusive Growth 📍Essay & Interview: Fiscal Federalism, Cooperative Federalism 🎓 Perfect for UPSC 2025 aspirants, Public Administration, Economy Optional, and Polity-Economy integrated study. 📌 Chapters: 00:00 Introduction 01:25 Constitutional Basis (Article 280) 03:10 Fiscal Devolution Explained 05:00 Urban Finance Challenges 07:45 15th vs 16th Finance Commission 10:30 Reform Measures & Way Forward 📢 #FinanceCommission #UPSC2025 #FiscalFederalism #IndianEconomy #UrbanFinance #CooperativeFederalism #ArvindPanagariya #UPSCPolityEconomy #16thFinanceCommission Telegram channel link: https://t.me/gyankoshcurrentaffairs 📣App link for Android users: https://clpdiy4.page.link/2Tn7 Apple: 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. ✔️Group-1 Polity module bilingual online course: ✔️Course link: https://aks.courses.store/511497 "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