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A classic example of a constitutional body is the Election Commission of India, which is created to conduct and regulate the national and state elections in India. A Constitutional body has either complete independence or functional independence when discharging their constitutional obligations.
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation , financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget .
The five-member panel, which includes Former Finance Secretary Sumit Bose, Chief Economic Adviser Arvind Subramanian, Reserve Bank of India Governor Urjit Patel and National Institute of Public Finance and Policy Director Rathin Roy, is chaired by Mr. N.K. Singh. The committee's mandate includes making recommendations to pave the way forward ...
The commission expressed that such inclusion was constitutionally forbidden but it can be reviewed by National Development Council. States share was increased from 75% to 80% due to the decrease in the divisible pool as the arrears of the advance tax collection had been cleared
The constitution of Expenditure Management Commission (EMC) of India was announced in the Budget Speech by Finance Minister of India Arun Jaitley in the budget of 2014–15. [1] The Commission was a recommendation body with the primary responsibility of suggesting major expenditure reforms that will enable the government to reduce and manage ...
The Eleventh Finance Commission of India was appointed by the President on 3 July 1998 for the period 2000-2005. Members. Prof. A.M. Khusro, Chair; Shri N.C Jain;
The NITI Aayog (lit. ' Policy Commission '; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in the economic ...
He was the Finance Secretary of India for three months. [1] He was appointed as the member of Fifteenth Finance Commission of India in place of Shaktikanta Das and served there till 26 November 2023. [2] Thereafter, he was appointed as a member of Sixteenth Finance Commission on 1 January 2024. [3]