The correct answer is (c) 2007-12.
The Thirteenth Finance Commission was constituted on 29 December 2004 by the President of India, A.P.J. Abdul Kalam, under Article 280 of the Constitution of India. The Commission was headed by Vijay Kelkar, a former Governor of Reserve Bank of India. The Commission submitted its report on 14 December 2006. The report was accepted by the Government of India on 22 December 2006.
The Commission recommended that the period of its recommendations should be from 2007-12. The Commission also recommended that the total devolution of resources to the States should be increased from 29.5% to 32% of the net proceeds of taxes. The Commission also recommended that the States should be given more flexibility in the use of their resources.
The recommendations of the Thirteenth Finance Commission were implemented from 1 April 2007. The Commission’s recommendations have had a significant impact on the finances of the States. The States have been able to use the additional resources to improve their infrastructure and social services.
The following are the options for the question:
(a) 2009-14: This is the period of recommendations made by the Fourteenth Finance Commission.
(b) 2010-15: This is the period of recommendations made by the Fifteenth Finance Commission.
(c) 2007-12: This is the correct answer.
(d) 2006-11: This is the period of recommendations made by the Twelfth Finance Commission.