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Centre appoints former NITI Aayog Vice Chairman Arvind Panagariya as Chairman of 16th Finance Commission recently. The Finance Commission of India is a constitutional body that allocates revenues between the central and state governments. It was established in 1951 by the President of India under Article 280 of the Indian Constitution.
03 January, 2024
Finance commission
15th Finance Commission for FY 2020-21 Paper-2 Governance Finance commission (PT-MAINS-IV) The Finance Commission is a constitutional body formed by the President of India to give suggestions on centre-state financial relations. The 15th Finance Commission (Chair: Mr N. K. Singh) was required to submit two reports. The first report, consisting of recommendations for the financial year 2020-21, was tabled in Parliament on February 1, 2020. The final report with recommendations for the 2021-26 period will be submitted by October 30, 2020. Key recommendations in the first report (2020-21 period) include: Devolution of taxes to states: The share of states in the…
18 July, 2020
Finance commission
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