Seventh Finance Commission

The Seventh Finance Commission of India was incorporated in 1978 consisting of Shri J. M. Shelar as the chairman.

Members
The members of the Commission were:
 * Shri J. M. Shelat, Chair
 * Dr. Raj Krishna
 * Dr. C. H. Hanumantha Rao
 * Shri. H. N. Ray
 * Shri. V. B. Eswaran, Member Secretary

Recommendations

 * The share of the states in the net proceeds should be raised to 85% excepting the share of the Union Territories which would be 2.19% of net proceeds
 * The inter se distribution between the states should include 10% contribution factor and rest 90% would be on basis of population. The 10% allotment would be based on the State-wise net assessments