Sixteenth Finance Commission
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Sixteenth Finance Commission
Sixteenth Finance Commission is the Finance Commission constituted by the Government of India under Article 280 of Constitution. Arvind Panagariya has been appointed as the Chief of the Commission with the main task of determining revenue sharing between Central Government and State Government for a period of five years from April 1, 2026. History and objective Sixteenth Finance Commission was formed under Article 280 of the constitution for determining the sharing of tax revenues between Union Government of India and States for five year period starting from 1 April 2026, determining the principles for granting of the aid from the Consolidated Fund of India to states and implementation of various measures for augmenting the resources of Consolidated Fund to meet the requirements of Panchayats and Municipalities of states. Members The Sixteenth Finance Commission comprises a chairman and various members that are appointed by the president of India. It also consists of on ...
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State Emblem Of India
The State Emblem of India is the national emblem of the Republic of India and is used by the union government, many state governments, and other government agencies. The emblem is an adaptation of the Lion Capital of Ashoka, an ancient sculpture dating back to 280 BCE during the Maurya Empire. The statue is a three dimensional emblem showing four lions. It became the emblem of the Dominion of India in December 1947, and later the emblem of the Republic of India. The State Emblem of India is an official seal of the Government of India. It is used as the national emblem of India and appears on official documents, currency and passports. The emblem was adopted by the Government of India on 26 January 1950, the day that India became a republic. It is based on the Lion Capital of Ashoka, a sculpture that was originally erected at the Sarnath, a place where Gautama Buddha first taught the Dharma, now in Uttar Pradesh, India. The emblem features four Asiatic lions standing bac ...
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Municipality
A municipality is usually a single administrative division having municipal corporation, corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the governing body of a given municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special district (United States), special-purpose district. The English language, English word is derived from French language, French , which in turn derives from the Latin language, Latin , based on the word for social contract (), referring originally to the Latin communities that supplied Rome with troops in exchange for their own incorporation into the Roman state (granting Roman citizenship to the inhabitants) while permitting the communities to retain their own local governments (a limited autonomy). A municipality can be any political jurisdiction (area), jurisdiction, from a sovereign state s ...
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Government Agencies Established In The 2020s
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ...
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2023 Establishments In India
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious and cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ...
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Finance Commission Of India
The Finance Commissions (IAST: ''Vitta Jayga'') are commissions periodically constituted by the President of India under ''Article 280'' of the Indian Constitution to define the financial relations between the central government of India and the individual state governments. The First Commission was established in 1951 under The Finance Commission (Miscellaneous Provisions) Act, 1951. Fifteen Finance Commissions have been constituted since the promulgation of Indian Constitution in 1950. Individual commissions operate under the terms of reference which are different for every commission, and they define the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the constitution, the commission is appointed every five years and consists of a chairman and four other members. The most recent Finance Commission was constituted on 31 December 2023 and is chaired by Arvind Panagariya former Vice Chairman of NIT ...
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Joint Secretary To The Government Of India
Joint Secretary to the Government of India (often abbreviated as JS, GoI or Union Joint Secretary or Joint Secretary to Union of India) is a post under the Central Staffing Scheme and the third highest non-political executive rank in the Government of India. The authority for creation of this post solely rests with the Cabinet of India. Joint secretary is mostly a career civil servant and is a government official of high seniority. The civil servants who hold this rank and post are either from All India Services or Central Civil Services. All promotions and appointments to this rank and post are directly made by the Appointments Committee of the Cabinet. In the functioning of the Government of India, a joint secretary is the administrative head of a wing in a department. Joint secretaries in the Union Government is analogous to Major General and equivalent ranks in the Indian Armed Forces and are listed as such in the Order of Precedence. In the Department of Military Affa ...
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State Bank Of India
State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the List of largest employers in India, tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 50 crore customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Systemically important financial institution, Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the List of largest banks, 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500, ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in Forbes Global 2000 ...
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Institute Of Economic Growth
The Institute of Economic Growth (IEG) is an autonomous, multidisciplinary Centre for advanced research and training. Established in 1958, its faculty of about 23 social scientists (economists, demographers and sociologists) and a large body of supporting research staff focus on areas of social and policy concern. IEG's research falls into nine broad themes: Agriculture and rural development, environment and resource economics; globalization and trade; industry, labour and welfare; macro-economic policy and modeling; population and development; health policy; and social change and social structure. In addition, the Institute organizes regular training programmes for the trainee officers of the Indian Economic Service and occasional courses for officers of the Indian Statistical Service, NABARD, and university teachers. The Institute's faculty members also supervise doctoral students from India and abroad, provide regular policy inputs, and engage with government, civil society and ...
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Secretary To The Government Of India
Secretary to the Government of India, often abbreviated as Secretary, GoI, or simply as Secretary, is a post and a rank under the Central Staffing Scheme of the Government of India. The authority for the creation of this post solely rests with the Union Council of Ministers. The position holder is generally a career civil servant, usually from the Indian Administrative Service, and a government official of high seniority. The civil servants who hold this rank and post are either from All India Services (on deputation; on tenure, after empanelment) or Central Civil Services (Group A; on empanelment). All promotions and appointments to this rank and post are directly made by the Appointments Committee of the Cabinet. In the functioning of the Government of India, a secretary is the administrative head of a ministry or department, and is equivalent to chief secretaries of state governments and Vice Chief of the Army Staff, General Officers Commanding in Chief of Army Commands, ...
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Finance Secretary (India)
The Finance Secretary (ISO: ''Vitta Saciv'') is the administrative head of the Ministry of Finance. This post is held by senior IAS officer of the rank of Secretary to Government of India. Ajay Seth is the incumbent Finance Secretary. Under Section 22, of Reserve Bank of India Act, 1934, Finance Secretary signs the 1-rupee note. As a Secretary to Government of India, the Finance Secretary ranks 23rd on Indian Order of Precedence. Powers, responsibilities and postings Finance Secretary is the administrative head of the Ministry of Finance, and is the principal adviser to the Finance Minister on all matters of policy and administration within the Finance Ministry. The senior most Secretary among the five Secretaries of the five Departments of the Ministry of Finance, viz. Economic Affairs, Expenditure, Financial Services, Revenue and Investment & Public Assets Management of Ministry of Finance, is designated as Finance Secretary. The role of Finance Secretary is as foll ...
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NITI Aayog
The NITI Aayog (; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach."NITI Ayog update June 2017."NIC news
June 2017.
It was established in 2015, by the NDA government, to replace the
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Vice-chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chambe ...
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