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The Fifteenth Finance Commission ( XV-FC or 15-FC) is an Indian Finance Commission constituted in November 2017 and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing 2020-04-01. The commission's chairman is Nand Kishore Singh, a senior member of the Bharatiya Janata Party (BJP) since ...
The Finance Commissions ( IAST: Vitta Āyoga) are commissions periodically constituted by the President of India under Article 280 of the Indian Constitution to define the financial relations between the central government of India and the individual state governments. The First Commission was established in 1951 under The Finance Commission ...
Sixteenth Finance Commission is the Finance Commission constituted by Government of India under Article 280 of Constitution. Arvind Panagariya has been appointed as the Chief of the commission with the main task of determining revenue sharing between Central Government and State Government for a period of five years from April 1, 2026.
Reforming the Law For Maximising Justice in Society and Promoting Good Governance under the Rule of Law [9] Ministry of Law and Justice (India) [10] lawcommissionofindia.nic.in. 12. Finance Commission. 1951. *Adjudicates on the sharing of resources between center and states. fincomindia.nic.in.
The Hilton Young Commission (complete title: Royal Commission on Indian Currency and Finance [1] [2]) was a Commission of Inquiry appointed in 1926 to look into the possible closer union of the British territories in East and Central Africa. These were individually economically underdeveloped, and it was suggested that some form of association ...
Gadgil Formula. The Gadgil formula was formulated with the formulation of the third five-year plan for the distribution of plan transfers amongst the states. It was named after D. R. Gadgil, then deputy chairman of the Planning Commission. The central assistance provided for in the first three plans and annual plans of 1966–1969 lacked ...
The Sachar Committee was a seven-member high-level committee established in March 2005 by former Indian Prime Minister Manmohan Singh. The committee was headed by former Chief Justice of Delhi High Court Rajinder Sachar to study the social, economic and educational condition of Muslims in India. The committee submitted its report in 2006 and ...
Ashok Kumar Lahiri is an Indian economist and a member of the West Bengal Legislative Assembly from Balurghat. [1] He is currently serving as a member of the Fifteenth Finance Commission. Lahiri previously served as 12th Chief Economic Adviser to the Government of India, reader at the Delhi School of Economics, chairman of Bandhan Bank ...