Thursday, December 14, 2017
09:25 AM (GMT +5)

Go Back   CSS Forums > CSS Compulsory Subjects > Current Affairs > Current Affairs Notes

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Thursday, April 16, 2009
KAISER A. RIND's Avatar
38th CTP (OMG)
CSP Medal: Awarded to those Members of the forum who are serving CSP Officers - Issue reason: CE 2009 - Merit 222
 
Join Date: Feb 2009
Location: Lahore
Posts: 23
Thanks: 103
Thanked 11 Times in 8 Posts
KAISER A. RIND is on a distinguished road
Default National Finance Commission (NFC) Award

NATIONAL FINANCE COMMISSION

NATIONAL FINANCE COMMISSION (NFC) is a constitutional body constituted under Article 160 of the Costitution of the Islamic Republic of Pakistan, 1973. The Order of the President in the light of the recommendations made by the NFC is known as NFC Award.

NFC shall be comprised of Federal Finance Minister, Provincial Finance Ministers, and other persons appointed by the President in consulatation with the Governer Genrals of provinces.

The functions of the NFC are: (a) The distribution of tax proceeds b/w the Federation and the provinces; (b) the making of grants in aid by the Federation to the Provincial govts; (c) the exercise of borrowing powers of the Federation and the provinces; (d) any matter pertaining to finance referred by President.


Could any body point out the very issues hindering the finality of the Award?

Thanx
__________________
stir is life!
Reply With Quote
  #2  
Old Sunday, March 28, 2010
Xeric's Avatar
Provincial Civil Service
Medal of Appreciation: Awarded to appreciate member's contribution on forum. (Academic and professional achievements do not make you eligible for this medal) - Issue reason: PMS / PCS Award: Serving PMS / PCS (BS 17) officers are eligible only. - Issue reason: Diligent Service Medal: Awarded upon completion of 5 years of dedicated services and contribution to the community. - Issue reason:
 
Join Date: Aug 2007
Posts: 2,637
Thanks: 429
Thanked 2,225 Times in 568 Posts
Xeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdom
Default 7th NFC Award - 2009

7th NFC Award



Introduction.



NFC National Finance Commission is a constitutional body set up for the distribution of financial resources among the provinces by federal government on annual basis, called National Finance Commission Award. Certain types of taxes collected in each province are pooled, and then redistributed according to the NFC formula.


Constitutional Provision of NFC
.


NFC is constituted under Article 160(1) of the 1973 constitution (Annex I) and proposed to be held at the intervals of five years.


Composition of NFC.


Federal Finance Minister Chairman
Provincial Finance Ministers and other concerning experts which the President may appoint after consultation with provincial Governors [Constitution of Pakistan (1973)].


Main Charter of NFC.


(1) The distribution of specified taxes, duties between federation and
provinces.

(2) The disbursement of grants to provincial governments.

(3) The borrowing powers exercised by federal and provincial
governments.

(4) Any other financial matter referred to commission.


Previously Approved NFC Awards.


1974 - First NFC Award given by the elected government of late Z.A.Bhutto





1991 Second NFC Award given by PML government, Nawaz Sharif as PM




1997 Third NFC Award was announced by a caretaker government of Farooq Ahmed Leghari and Prime Minister Malik Meraj Khalid





NFC Award - 2009


A very important and welcome development was the approval of 7th National Finance Commission (NFC) Award 2009 by all four provincial and the federal governments, reflecting political will to resolve key issues.


__________________
No matter how fast i run or how far i go it wont escape me, pain, misery, emptiness.
Reply With Quote
The Following 7 Users Say Thank You to Xeric For This Useful Post:
baazigar (Tuesday, March 30, 2010), fidamah (Monday, March 29, 2010), nageen (Wednesday, April 07, 2010), rishzzz (Friday, November 05, 2010), salman sial (Monday, March 29, 2010), sassi sehar (Friday, April 02, 2010), Shikva (Friday, April 02, 2010)
  #3  
Old Friday, April 02, 2010
San_rab's Avatar
Junior Member
 
Join Date: Feb 2010
Location: Karachi
Posts: 14
Thanks: 7
Thanked 6 Times in 4 Posts
San_rab is on a distinguished road
Default

hi

Can you kindly tell me regarding 18th amendment and all?

regards,

Sana Rafique
Reply With Quote
  #4  
Old Friday, April 02, 2010
Xeric's Avatar
Provincial Civil Service
Medal of Appreciation: Awarded to appreciate member's contribution on forum. (Academic and professional achievements do not make you eligible for this medal) - Issue reason: PMS / PCS Award: Serving PMS / PCS (BS 17) officers are eligible only. - Issue reason: Diligent Service Medal: Awarded upon completion of 5 years of dedicated services and contribution to the community. - Issue reason:
 
Join Date: Aug 2007
Posts: 2,637
Thanks: 429
Thanked 2,225 Times in 568 Posts
Xeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdomXeric is a bearer of wisdom
Default

Some salient features of the proposed 18th amendment:


~The set of reforms, known as the "18th Amendment Bill" is expected to be passed by the two-chambered parliament, effectively turning Zardari into a titular head of state.

~ Reportedly the draft of what is to become the 18th Amendment itself includes 95 amendments to the 1973 Constitution. These 95 amendments will effect 70 Articles of the existing Constitutions. There are three “schedules” and one “Annexure” in the draft package.

~In particular, the 18th Amendment will undo the impacts of the 8th Amendment (enacted by Gen. Zia ul Haq) which had altered over 90 Articles of the Constitution, and the 17th Amendment (enacted by Gen. Pervez Musharraf) which had altered 26 Articles of the Constitution.

~The new name of the NWFP is to be Khyber-Pakhtunkwa.

~The draft proposes removal of many past amendments added by military rulers, including the 17th Amendment.

~The draft abolishes the “concurrent list” and gives much more provincial autonomy than is now available to the provinces. The Council of Common Interest has been given additional powers and the provinces have been given more say on national matters by enhancing their representation in the council.

~Reportedly the draft “purges” the name of gen. Zia-ul-Haq as President from the Constitution (it is not yet clear what this means in practice).

~The 27-member parliamentary committee was constituted on June 23 last year to revisit the 1973 Constitution in order to repeal the 17th Amendment and strike a balance of powers between the president and the prime minister, including removal from the Constitution of the controversial clause 58(2)b.

~The original Constitution was passed in the first PPP government, which has also been the architect of the first amendments to it.

~The all-party parliamentary committee has revisited all 278 articles of the Constitution and proposed amendments to about 100 of them.

~A consensus has emerged on reshaping the precincts of provincial autonomy by abolishing all items from the Concurrent List and handing them over to the provinces.

~The bill is likely to be passed by far more than the two-thirds super-majority needed in the parliament because it has been drafted by a parliamentary committee made up of all political groups.

Sources:


http://www.dawn.com/wps/wcm/connect/...t+draft--bi-05
http://www.dawn.com/wps/wcm/connect/...mendment-qs-06
http://pakistaniat.com/2010/04/01/18th-amendment-text/



*~~***~~*
__________________
No matter how fast i run or how far i go it wont escape me, pain, misery, emptiness.
Reply With Quote
The Following 4 Users Say Thank You to Xeric For This Useful Post:
Mujab Rizvi (Monday, June 07, 2010), nageen (Wednesday, April 07, 2010), rishzzz (Friday, November 05, 2010), San_rab (Friday, April 02, 2010)
  #5  
Old Thursday, October 12, 2017
Junior Member
 
Join Date: Sep 2017
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rasib khan is on a distinguished road
Default Salam to all friends

kindly tell me why the NFC awards skip the number to 7 directly. like First was in 1974, second in 1991, third in 1997 and 7th in 2009?
Reply With Quote
  #6  
Old Thursday, October 12, 2017
Junior Member
 
Join Date: Sep 2017
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rasib khan is on a distinguished road
Default

sir why the NFC award skip break the sequence of numbers like first, second, third and then to seven in 2009
Reply With Quote
  #7  
Old 3 Weeks Ago
Member
 
Join Date: Dec 2016
Posts: 36
Thanks: 64
Thanked 6 Times in 5 Posts
aristotlekhan is on a distinguished road
Default

Quote:
Originally Posted by Rasib khan View Post
sir why the NFC award skip break the sequence of numbers like first, second, third and then to seven in 2009
The first NFC was awarded in 1951. He has not skipped the sequence but considered only those NFCs which are awarded after the promulgation of 1973 constitution.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Pak-Affairs Notes Predator Pakistan Affairs 62 Monday, November 06, 2017 09:55 AM
Pakistan's History From 1947-till present Sumairs Pakistan Affairs 10 Wednesday, July 05, 2017 05:36 AM
development of pakistan press since 1947 Janeeta Journalism & Mass Communication 14 Wednesday, November 11, 2015 12:03 PM
Arbitration Act Raz Mercantile Law 2 Friday, November 25, 2011 11:45 AM
European Union Aarwaa Current Affairs Notes 0 Sunday, April 20, 2008 11:34 PM


CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.