Home Finance Report on Datasets for State Finance Commissions to be released on June 8
Finance

Report on Datasets for State Finance Commissions to be released on June 8

Share


New Delhi, June 06: The Report of the Committee on Datasets for State Finance Commissions is scheduled to be released at a function organized by the Ministry of Panchayati Raj on 8th June 2026 in New Delhi. Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India, will release the report in the presence of Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj, and Dr. Manish Gupta, Associate Professor, National Institute of Public Finance and Policy (NIPFP), along with senior officers and distinguished representatives from research institutions, and policy bodies. The release of the report will be followed by a keynote address by the Chief Economic Advisor on data-driven policymaking and evidence-based fiscal governance as essential foundations for empowered local self-government and inclusive development.

The release of this report marks a significant step in the Government’s sustained commitment to strengthening the evidence base for fiscal decentralisation in India. State Finance Commissions, constituted under Article 243-I of the Constitution, are the primary constitutional bodies mandated to review the financial position of Panchayati Raj Institutions and to recommend principles governing the devolution of financial resources to local governments. For these Commissions to discharge this constitutional responsibility with the requisite rigour and credibility, access to reliable, timely, and disaggregated data on local government finances, demographics, infrastructure, service delivery, and asset management is indispensable. The Ministry constituted the Committee on Datasets for State Finance Commissions in response to concerns raised at the Finance Commissions’ Conclave on Devolution to Development, convened in November 2024 under the leadership of the Chairman of the Sixteenth Finance Commission, where the difficulty in accessing comprehensive datasets across departments and agencies was identified as a critical gap affecting the quality and timeliness of State Finance Commission recommendations.

The report offers a structured and comprehensive mapping of the essential datasets required by State Finance Commissions and sets out actionable recommendations to improve data availability, standardisation, interoperability, and institutional capacity across the data ecosystem supporting fiscal analysis at the local level. It is expected to serve as an authoritative reference for State Governments, State Finance Commissions, constitutional bodies, economic researchers, and all those committed to deepening democratic decentralisation and strengthening local public finance in India.



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Business News Today: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or...

Best 3 Blue Chip Stocks to Buy After the Market’s Pullback

The stock market continues to be on shaky ground. Despite repeated all-time highs in the last 12 months, the S&P 500 is down...

Related Articles

Munis grow slightly richer ahead of lighter supply week

Munis richened slightly Friday, as U.S. Treasuries saw gains and equities ended...

Piyush Goyal and UK-India FTA Negotiation Teams Honoured at 10th Anniversary of IGF UK-India Awards

Kiran Mazumdar-Shaw, Uday Kotak, the Premier League, Grant Thornton, Wockhardt, the British...

Climate adaptation in Africa needs investment, not imported solutions

Ellen Davies is head of programmes at the African Climate Foundation and...

AI-driven wealth firm Arca lands $64m investment

Arca, a wealth management firm built around AI tools and human advisers,...