According to article 243-i of the constitution of india, a finance commission is constituted to review the financial position of the panchayats:
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The Governor constitutes a Finance commission to review the financial position of the Panchayats.
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According to article 243-i of the constitution of India, a finance commission is constituted to review the financial position of the panchayats so as that the consolidated fund of the state can provide grants-in-aid. The panchayat’s financial positions can also be improved. The Panchayat also determines the duties, taxes and tolls by determination from the finance commission. The state and Panchayat distribution is also determined.
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