Samiksha Jaiswal (Editor)

The Seventh Finance Commission

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The Seventh Finance Commission of India was incorporated in the year 1978 consisting of Shri J. M. Shelat as the chairman and the following four other Members, namely,

  • 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

    The Seventh Finance Commission Wikipedia