Economy, asked by arbaz4259, 1 year ago

Write a short note on indian finance commission

Answers

Answered by Ishmam1

1

The first Finance Commission (IAST: Vitta Āyoga) was established by the President of India in 1951 under Article 280 of the Indian Constitution. It was formed to define the financial relations between the central government of India and the individual state governments. The Finance Commission (Miscellaneous Provisions) Act, 1951 additionally defines the terms of qualification, appointment and disqualification, the term, eligibility and powers of the finance commission.

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