Fourth State Finance Commission has been constituted by West Bengal Government vide Notification No. 121-F.B. dated 30 Apr 2013. The Commission will function till 30 Apr 2014.
As regards Panchayats, allocation of shares to State and the Panchayats out of taxes, duties, tolls and fees along with fixation thereof to be appropriated by the Panchayats should be suggested along with grants-in-aid to them out of the Fund of the State. They should also suggest for improvement of the financial position of the Panchayats.
As regards Municipalities, allocation of shares to State and the Municipalities out of taxes, duties, tolls and fees along with fixation thereof to be appropriated by the Municipalities should be suggested along with grants-in-aid to them out of the Fund of the State. They should also suggest for improvement of the financial position of the Municipalities.
While recommending, they should consider the resources and demands, the powers of Panchayats and Municipalities to raise resource and their responsibilities,.
The Commission will decide the method and should submit by 30 April 2014.
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