The 15th Finance Commission headed by Chairman Shri N K Singh, met with over 25 representatives of various Panchayati Raj Institutions (PRIs) in its first meeting during the 3 day visit to Punjab. The Commission had detailed discussion with the representatives and the State Government Officers.
Status as provided by Punjab on 3Funds Functions and Functionaries :
❖ Punjab Panchayat Raj Act, 1994 is the act provisioning for local self-governance for PRIs
❖ Recommendations of 5th State Finance Commission (SFC) Report are currently in force: It recommended 4% share of net proceeds of all state taxes.
❖ Only 13 functions out of 29 envisaged in the Eleventh Schedule of the Constitution devolved to PRIs
❖ Elections for Panchayats were last held in December 2018.
❖ Number of local bodies at each level of PRI is as below: