Why In the News?

• The final report of the Sixth State Finance Commission was presented to Rajasthan Governor Kalraj Mishra at Raj Bhavan.

Key Points:

=> Under the leadership of State Finance Commission Chairman Pradyuman Singh, Finance Commission member Ashok Lahoti, Member Secretary S. C. Derasree, Joint Secretary Rajesh Gupta, and Advisor Shantilal Jain handed over the signed copy of the Finance Commission to the Governor.

=> It is noteworthy that this commission was constituted under the chairmanship of Pradyuman Singh on April 12, 2021, under Article 243 of the Constitution.

=> In this, there is a provision of financial assistance given by the state government to Panchayati Raj institutions, and urban bodies for carrying out the basic tasks assigned under the Constitution and Panchayati Raj and Rajasthan Municipality Act and recommendations to improve their functioning.