Question

what is finance commission ?

Answer 1

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here is your answer :-


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✴ Finance commission is constituted by the president under article 280 of the constitution . since independence , 12 finance commission have submitted their reports.

✴the ist finance commission was constituted under chair man ship of k.c Neogi while 12th finance commission was constituted under chairman ship of Dr c. Rangarajan.

✴the 14th finance commission , dlfor the period 2015-2020, has been constituted on January 2, 2013 with y.v Reddy as the chairman.


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I hope it helps you ✌✌✌✌✌✌✌✌

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Answer 2

The Finance Commission of India

Explanation:

• The Finance Commission of India came into existence in 1951.
• The president of India select the commissioner and four other members of the Finance Commission.
• It was generally formed to define the financial relationship between the center and the state.
• To distribute funds among the center and the state is based on their contribution to the tax collection.

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