When and who appoints a Finance Commission?
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According to the article 280 of Indian Constitution , the president of India appoints finance commission once for every 5 years.
the main function of the commission is the distribution of the taxes share between state and central government.
important points :-
(1) - the first finance commission was established by the president of India in 1951 under article 280 of the Indian Constitution .
(2) - Nand kishore Singh has been appointed as the chairman of 15th finance commission which commencing on 1 April 2020.
the main function of the commission is the distribution of the taxes share between state and central government.
important points :-
(1) - the first finance commission was established by the president of India in 1951 under article 280 of the Indian Constitution .
(2) - Nand kishore Singh has been appointed as the chairman of 15th finance commission which commencing on 1 April 2020.
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