The correct answer is: d) All of the above.
The Finance Commission in Odisha is a statutory body constituted by the State Government to make recommendations on the following matters:
- Sharing of tax revenue between the State and Panchayats;
- Grants-in-aid to Panchayats;
- Developmental projects for Panchayats;
- Measures to improve the financial position of Panchayats; and
- Any other matter relating to the financial affairs of Panchayats.
The Finance Commission is required to submit its report to the State Government within a period of six months from the date of its constitution. The State Government is required to take into account the recommendations of the Finance Commission while making allocations to Panchayats in the annual budget.
The Finance Commission is a powerful body that can play a significant role in the development of Panchayats. Its recommendations can help to improve the financial position of Panchayats and enable them to undertake developmental projects for the benefit of the people.