11 Finance Commission India
The Eleventh Finance Commission (EFC) of India, constituted under the chairmanship of A.M. Khusro, submitted its report for the period 2000-2005. Its primary mandate was to recommend principles governing the distribution of tax revenues between the Union and the States, and the allocation of resources among the States themselves. The commission grappled with the challenge of balancing fiscal equity and efficiency, aiming to encourage better fiscal management at the state level while addressing regional disparities.