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Business Line - 23 Dec 2015

The Karnataka government has constituted the fourth State Finance Commission with CG Chinnaswamy as Chairman and two members to review the financial positions of local bodies like zilla panchayats, taluk panchayats and gram panchayats. The Commission will make recommendations on taxes, duties and grants for local bodies and also suggest ways to improve their financial position. It will analyze loan repayments by local bodies and submit its report to the government by May 31, 2016.

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33 views1 page

Business Line - 23 Dec 2015

The Karnataka government has constituted the fourth State Finance Commission with CG Chinnaswamy as Chairman and two members to review the financial positions of local bodies like zilla panchayats, taluk panchayats and gram panchayats. The Commission will make recommendations on taxes, duties and grants for local bodies and also suggest ways to improve their financial position. It will analyze loan repayments by local bodies and submit its report to the government by May 31, 2016.

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ಸುರೇಶ್ ಎನ್ ರಂಗನಾಥ್
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BANGALORE DECEMBER 23, 2015

4th State Finance Commission for Karnataka


The Karnataka government has constituted the fourth State Finance Commission with CG
Chinnaswamy as Chairman and HD Amaranathan and H Shashidhar as members.
The Commission will review financial positions of the zilla panchayats, taluk panchayats, gram
pranchayats and other local bodies and make recommendations to the Governor on their taxes,
duties and tolls.
This also constitutes the grant-in-aid to the elected bodies from the consolidated fund of the
State, a government release said.
The Commission will also recommend measures to improve the financial position of these bodies,
and suggest on the manner in which the resources available to the local bodies could best be
used.
Detailed analysis on repayment of loans and advances extended by government from time to time
to the local bodies will also be taken up.
The Commission will have to furnish its report to the government by May 31, 2016.
(This article was published on December 23, 2015)

http://www.thehindubusinessline.com/news/national/4th-state-financecommission-for-karnataka/article8022103.ece

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