Finance Commission — Mains Questions

Analyze the evolution of the Finance Commission's role from the 1st to the 15th Commission, highlighting how it has adapted to changing economic realities and constitutional amendments. Discuss the contemporary challenges facing the institution in the post-GST era.

The 15th Finance Commission introduced performance-based incentives for states. Critically examine whether this approach strengthens or undermines the principles of fiscal federalism in India.

Examine the relationship between the Finance Commission and the GST Council in the context of India's federal structure. How has the introduction of GST affected the traditional role of the Finance Commission?