Question

the finance comMission is appointed every

Answer 1

Hey Dear!
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Answer - Every Five Years

Finance Commission is appointed every five years.

It was established in 1951 by the Law Minister at that time, Dr Bhim Rao Ambedkar and K.C. Neyogi was the chairman of this first Finance Commission.

Finance Commission has the major responsibilities to address the the issue of fiscal relations between centre and the states including the allocation of revenue proceeds.

At present it is the fifteenth Finance Commission constituted in 2017 with N.K.Singh being it's Chairman.

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