वित्त आयोग भारत में राजकोषीय संबंधों को सुनिश्चित करने में महत्वपूर्ण भूमिका निभाता है। इस संदर्भ में, 15वें वित्त आयोग द्वारा दी गई सिफारिशों का परीक्षा कीजिए। (उत्तर 250 शब्दों में दीजिए) / The Finance Commission plays a crucial role in balancing fiscal federalism in India. In this context, examine the recommendations given by the 15th Finance Commission. (Answer in 250 words)

Finance Commission Article 280 is formed as the balancing wheel of fiscal federalism in India, at makes recommendations with respect to Horizontal and Vertical devolution to States as well as ways to augment the divisible pool and state revenues.

Recommendation of 15th FC:

1. All suggested 45/55 Vertical devolution to states and 1:1 for newly formed UT of Jammu & Kashmir, Ladakh

2. Horizontal Devolution was expected - Weight given to Population (2011) [15:]. Population (1971-2011) [12:5:]. Income Distance [45:]. Added Tax efforts [2:5:].

3. Revenue deficit grant to those states which have reduced population are incentivised.

4. Maldevelopment was augmented - Weight given by population for states.

Makes provision for Employment efforts to be carried by states.

Forest cover [10%:]

3. Revenue deficit grant to those states with deficit. Performance based devolution to the states when Local bodies for ULR reform, one nation one nation add etc.

4. Performance based devolution as criteria for grants to states to augment capacity.

Immunization of Recommendations:

1. Balance of population growth - so that states which have reduced population are incentivised.

2. taking into population Taxing efforts as children for greater devolution.

3. Makes provision for Employment efforts to be carried by states.

Generation of Recommendations:

1. Balance of population growth - so that states which have reduced population are incentivised.

2. taking in population Taxing efforts as children for greater devolution.

3. Makes provision for Employment efforts to be carried by states.

4. Takes Income distance so that RIMARU or fiscal assistance states are given fiscal resources.

5. It has also ensured Revenue deficit grant to that states do not end up in 'out-national' bankruptcy.

(Cr) Debt-to-ratio of budget is 52:7.

6. Like unforced of disaster management to augment SDRF and state fiscal revenue.

However, there are certain issues:

1. Southern states complaint that they are not incentivized enough for Fertility reduction.

2. Finance Commission recommendations are only advisory and not binding.

3. Where there is greater need to Patronize centrally sponsored schemes.

4. As per estimate, only 12:1 net schemes take 80:1 of the expenditure.