The vow on more powers for Scotland has been delivered, Prime Minister David Cameron insisted, saying the transfer of extra responsibilities would make Holyrood one of the "most powerful devolved parliaments in the world".

But the Nationalists begged to differ, saying they were "veto-ridden" on matters like scrapping the bedroom tax. First Minister Nicola Sturgeon insisted the changes put forward were "short of the real Home Rule powers we need to create jobs and tackle inequality".

The new powers.

Constitution.

*Scottish Parliament and Scottish Government to become "permanent institutions". Sewel Convention placed on statutory footing.

*All matters relating to Holyrood regarding number of MSPs, constituencies and elections.

*Section 30 Order laid to enable 16 and 17-year-olds to vote in Scottish parliamentary elections.

These measures are meant to enshrine in law Scotland's new democratic institutions, so that they cannot be scrapped or scrapped easily.

Holyrood will also have the power, through a separate parliamentary device, to extend the franchise so young people can vote at the Scottish parliamentary elections in 2016, despite the fact they still will not be able to do so in UK General Elections.

Tax and spending.

*Income tax rates and bands on earned income. Block grant adjusted accordingly.

*Assignment of first 10 percentage points of standard 20 per cent rate of VAT and first 2.5 percentage points from reduced five per cent rate.

*Air Passenger Duty; charge on passengers departing Scottish airports. Power including "provision for appointing day when APD will be switched off in relation to Scotland".

*Aggregates Levy; tax on commercial exploitation of rock, sand and gravel.

*Borrowing. The Commission recommended sufficient additional borrowing powers but draft clauses suggest this will depend on number of factors and be "subject to discussion between governments".

The centrepiece. This means the Scottish Government will no longer only spend money but have to raise it too, thus increasing public accountability. It will, the theory goes, no longer be able to blame everything on Westminster's book-keeping.

Crucially, says the UK Government, the new fiscal powers will mean Holyrood will raise more than 50 per cent of the money it spends.

Welfare.

*Power to "make alternative payment arrangements" on Universal Credit, enabling Scottish Government to alter frequency of payment, split payments between a couple and decide on direct rent payments to landlords in relation to housing costs, including "removing under-occupancy charge" ie scrapping bedroom tax.

*Disability, carers' and industrial injury benefits.

*Power to "create new benefits or other payments to replace existing benefits".

*Discretionary housing payments.

*Employment support ie through Work Programme with power to design new employment programmes.

The most contentious part. Ms Sturgeon claimed: "The proposals on welfare do not allow us to vary Universal Credit without the permission of the UK Government. That means - under the current proposals - we will not have the independence to take action to abolish the bedroom tax."

The FM also insisted that while the Smith Commission said there should be a general power to create new benefits in any devolved area, that was "not actually being delivered".

But Mr Cameron disagreed, saying: "It's very clear this is absolutely the vow fulfilled with every dot and comma in place."

Danny Alexander, Chief Secretary to the Treasury, argued consultation between the two governments was not a veto. "The Scottish Government has the power to make variations to housing benefit charges in whatever way it wanted to," he said. Alistair Carmichael, the Scottish Secretary, insisted: "There is no veto."

Public bodies.

*BBC. Memorandum of Understanding to "guarantee full consultative role" in review of corporation's Royal Charter.

*MG Alba. Power of appointment of board members, securing "strategic oversight in Gaelic Media Service".

*Maritime Coastguard Authority and Northern Lighthouse Board. Greater role "in setting strategic priorities" for both bodies.

*Ofgem. "Proportionate and workable" means of consulting Holyrood to be devised.

*Crown Estate. Management and revenue to be transferred to Scots Parliament.

Civil protections.

*Equal opportunities. Power to legislate on equalities in respect of public bodies, including "introduction of gender quotas".

*Tribunals. Transfer of functions from reserved tribunals to Scottish ones covering such things as procedure, membership, administration and funding.

*Consumer advice. Covering such issues as electricity, gas and postal services.

*Fixed odds betting terminals. Power to vary their number.

Transport.

*Franchising of rail passenger services. Lifts ban on public sector operators running them within Scotland and "certain cross-border" ones where Scottish Ministers are appropriate franchising authority.

*Policing of railways.

*Road traffic signs and speed limits.

Energy.

*Energy efficiency. Power to design and implement "supplier obligations".

*Oil and gas. Power to license exploration and extraction of onshore oil and gas.

*Renewables incentives. "Broad duty" established to ensure Energy Secretary consults.

Other issues.

"Initial discussions" have either taken place or are scheduled to take place over coming weeks on list of topics Smith Commission identified for further consideration. These include devolution of abortion, health and safety, student visas, medicines, proceeds of crime and asylum seekers.

Commons Speaker and Holyrood's Presiding Officer will meet next week to discuss agreeing "action to improve public understanding of Scotland's constitutional settlement".