16th Finance Commission Explained | Tenure Extension, Fiscal Federalism & Urban Finance Challenges

📚 In this video, we decode the 16th Finance Commission (FC) — its tenure extension, constitutional basis, and the emerging fiscal decentralisation challenges in India.

We cover everything from Article 280, functions of the Finance Commission, and urban fiscal issues to key terms of reference (ToR) and policy reforms needed for strengthening local body finances.

🔍 Key Highlights:

1️⃣ 16th Finance Commission – Extension & Composition
2️⃣ Functions under Articles 275 & 280
3️⃣ Urban Fiscal Crisis – Causes & Data (RBI, OECD)
4️⃣ Terms of Reference (ToR) of 16th FC
5️⃣ Comparison – 14th vs 15th Finance Commissions
6️⃣ Steps to Strengthen Urban Finances
7️⃣ Way Forward for Fiscal Federalism in India

🧩 Why Important for UPSC?

📍GS Paper 2: Governance & Devolution

📍GS Paper 3: Indian Economy, Fiscal Policy, Inclusive Growth

📍Essay & Interview: Fiscal Federalism, Cooperative Federalism

🎓 Perfect for UPSC 2025 aspirants, Public Administration, Economy Optional, and Polity-Economy integrated study.

📌 Chapters:
00:00 Introduction
01:25 Constitutional Basis (Article 280)
03:10 Fiscal Devolution Explained
05:00 Urban Finance Challenges
07:45 15th vs 16th Finance Commission
10:30 Reform Measures & Way Forward

📢 #FinanceCommission #UPSC2025 #FiscalFederalism #IndianEconomy #UrbanFinance #CooperativeFederalism #ArvindPanagariya #UPSCPolityEconomy #16thFinanceCommission

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