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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 ...
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 ...
Sixteenth Finance Commission was formed under Article 280 of the constitution [2] for determining the sharing of tax revenues between Union Government of India and States for five year period starting from 1 April 2026, [3] [4] determining the principles for granting of the aid from the Consolidated Fund of India to states and implementation of various measures for augmenting the resources of ...
Fourteenth Finance Commission. The Fourteenth Finance Commission of India was a finance commission constituted on 2 January 2013. The commission's chairman was former Reserve Bank of India governor Y. V. Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle, and AN Jha. The recommendations of the commission entered ...
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.
A Key Figure In India’s Economic Reforms From The Early 1980s Onwards, He Has Held Several Important Positions Including Special Secretary To The Indian Prime Minister (1988–90); Commerce Secretary (1990–91); Secretary, Department of Economic Affairs, Ministry of Finance (1991–93).
The committee questioned the finance ministry civil servants including the Union Financial Services Secretary, Rajiv Kumar about the ₹ 11,400 crore (equivalent to ₹ 150 billion or US$1.8 billion in 2023) fraud in Punjab National Bank (PNB) and asked them to submit a report on it. It is currently on its way to becoming India's biggest ...
The Fifth Finance Commission of India was constituted by the President of India, Dr. Zakir Hussain, on 15 March 1968. The commission was chaired by Mahavir Tyagi . Members