Seventh Finance Commission
The Seventh Finance Commission of India was incorporated in 1978 consisting of Shri J. M. Shelar as the chairman.
Members
The members of the Commission were:[1]
- Shri J. M. Shelat, Chair
- Dr. Raj Krishna
- Dr. C. H. Hanumantha Rao
- Shri. H. N. Ray
- Shri. V. B. Eswaran, Member Secretary
Recommendations
- The share of the states in the net proceeds should be raised to 85% excepting the share of the Union Territories which would be 2.19% of net proceeds
- The inter se distribution between the states should include 10% contribution factor and rest 90% would be on basis of population. The 10% allotment would be based on the State-wise net assessments
References
- ^ "Members of the previous Finance Commissions". Fourteenth Finance Commission. Retrieved 22 July 2017.
Further References
- Sansar Singh Janjua (1999). Centre State Financial Relations in India and Finance Commission. New Delhi, India: Anmol Publications. ISBN 8126102233.
- "Finance Commission India". New Delhi, India: Fourteenth Finance Commission. Retrieved 22 July 2017.
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Ministry of Finance (India)
Economic Affairs |
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Expenditure |
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Revenue |
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Financial Services | |||||
DIPAM |
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DPE |
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Economic Affairs |
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Revenue |
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Finance |
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- R. K. Shanmukham Chetty
- John Mathai
- C. D. Deshmukh
- T. T. Krishnamachari
- Jawaharlal Nehru
- Morarji Desai
- Sachindra Chaudhuri
- Indira Gandhi
- Yashwantrao Chavan
- Chidambaram Subramaniam
- Hirubhai M. Patel
- Charan Singh
- Hemwati Nandan Bahuguna
- R. Venkataraman
- Pranab Mukherjee
- Vishwanath Pratap Singh
- Rajiv Gandhi
- N. D. Tiwari
- Shankarrao Chavan
- Madhu Dandavate
- Yashwant Sinha
- Manmohan Singh
- Jaswant Singh
- P. Chidambaram
- I. K. Gujral
- Arun Jaitley
- Piyush Goyal
- Nirmala Sitharaman (incumbent)
for Finance
- Nirmala Sitharaman
- Jayant Sinha
- Arjun Ram Meghwal
- Pon Radhakrishnan
- Anurag Thakur
- Bhagwat Karad (incumbent)
- Pankaj Chaudhary (incumbent)
Advisor
- JJ Anjaria
- IG Patel
- IG Patel
- VK Ramaswamy
- Ashok Mitra
- Manmohan Singh
- RM Honavar
- Bimal Jalan
- Nitin Desai
- Deepak Nayyar
- Shankar Acharya
- Rakesh Mohan
- Ashok K Lahiri
- Arvind Virmani
- Kaushik Basu
- Raghuram Rajan
- Arvind Subramanian
- Krishnamurthy Subramanian
- V. Anantha Nageswaran (incumbent)
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