The recommendations of the 15th Finance Commission have enabled the States to improve their fiscal conditions.' Comment.

Finance Commission is constituted for 5yrs by President under Article 280 which prescribes evolution methodologies for revenue sharing. 15th FC for period 9 2020-2025: 15th FC & States improvements of their finances (1) 15 FC has delineated the parameters @ income, forest, taxation, population, etc for revenue sharing which is 41% of the distributable pool. (2) As per RBI state finances report States have been able to restrict their fiscal deficit below 3.5%. Devolution has played a significant

role. However, the percentage of population parameter disproportionately benefits populous Northern States (see UP, Bihar) and limits southern states. The Tamil Nadu etc which have controlled population levels. (3) Increase in HED vault over a period of time delimit the purpose of devolution. (4) Lack of 45% compensation should hence maintain Horizontal & Vertical Centre-State Relations Centre & States must move side by side if not hand-in-hand.