​State Finance Commission

  • On 11th September, 2024, the Kerala government constituted the 7th State Finance Commission with a two-year tenure.
  • The State Finance Commission (SFC) is an institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalize and systematize State/sub-State-level fiscal relations in India.
  • Article 243I of the Constitution mandates the State Governor to constitute a Finance Commission every five years.
  • Article 243Y of the Constitution states that the Finance Commission constituted under article 243 I shall also review the financial position of the Municipalities and make recommendations to the ....
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