Finance Commission of India
- In March 2019, Reserve Bank of India Governor called for giving a permanent status to Finance Commission.
- The 15th Finance Commission was constituted on November 27, 2017 and is headed byN.K. Singh.
- Finance Commission is a constitutional body set up under Article 280 of the Constitution.
- Its primary job is to recommend measures and methods on how revenues should be distributed between Centre and the states.
- It consists of a Chairman and four other members, which are appointed by the President.
- The qualifications of the chairman and members of the commission have been specified under Finance Commission Act, 1951 and are as follows:
- The Chairman shall ....
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