Question

How many finance commission has submitted report so far?

Answer 1

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.

Answer 2

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.