How many finance commission has submitted report so far?
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The answer is fifteen.
Fifteen finance commissions have submitted reports so far. The latest was formulated in 2017 under the leadership of N K Singh who was also a member of Planning Commission of India. The finance commission was set up in 1951 by the then President of India.
A finance commission aims at understanding the financial relationships between the individual state governments and the central government of the country.
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Fifteen
Fifteen finance commissions have presented summaries so far. The newest finance commission was formed in 2017 under the management of N K Singh who was also one among the member of the Planning Commission of India. The finance committee was established in 1951 by the President of India.
A finance commission intends at assuming the financial relations among the individual state governments and the central government of the nation.
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