Finance Commission/ Functions of Finance Commission/ Chairman of Finance Commission of India/ Law commission of India
Finance Commission of India
The Finance
Commission of India came into existence in 1951. It was established under
Article 280 of the Indian Constitution by the President of India.At that time
Rajendra Prasad was the president of
India. . The Indian Finance Commission Act was passed to give a structured
format to the Finance Commission of India as per the world standard.
Why Finance Commission was formed?
=> To define
the financial relations between the centre and the state.
Functions Of The Finance Commission:
The Finance Commission's duty is to recommend to the
President as to-
