Question

After How many years finance commission is appointed?

Answer 1

After five years finance commission is appointed

Answer 2

After the amendment of Article 280, finance commissions of India was first formulated by the administrative head (president) of India after the independence in 1951. Finance Commission will change its concerning fellows every 5 years i.e., the committee will be reformed after the completion of every 5 years under the Indian Constitution of Amendment. Chairman presides over and a group of four members comprises the team of each finance commission. A total of 15 finance commissions have been appended by the Presidents of India yet to date.