Who among the following is the Chairperson of the 13th Finance Commission?
Dr. C Rangarajan
Dr. Vijay Kelkar
Dr. Y.V.Reddy
Dr. S.Acharya
Option : (B)
Consider the following statements:
1) The 14th Finance Commission recommended increasing in the share of tax devolution to 42% of total divisible pool from 32% during the 13th Finance Commission.
2) Cess and Surcharges were not made the part of the divisible pool as it would have brought down the revenue of the Central Government.
3) The 14th Finance Commission has recommended doing away with ‘post-devolution revenue deficit grants’; which was implemented after the recommendation of 13th Finance Commission.
Select the correct statement(s):