State government has notified constitution of the State Finance Commission. Dr. Jyoti Kiran will chair the Commission and retired IAS Shri S.C. Derashri will be the full-time Member Secretary. The Chairperson will be given status of the Minister of State.

State Finance Commission will give recommendations in regard to financial management and allocation of funds to the Panchayati Raj Institutions (PRIs) and the Municipalities. It will review the status of finances of the Panchayats and Municipalities and recommend for improvement. The commission will also give recommendations in regard to collection of revenue in the form of taxes, duties, fee etc. in the respective Panchayat or Municipal regions.

As per notification, the Commission shall cover a period of five years commencing from April 1, 2015 and submit its report by November 30, 2015.

Chairperson of the State Finance Commission Dr. Jyoti Kiran has a good knowledge of economic affairs and she is a doctorate in Economics subject.

Jaipur, May 30 2015