Question
Write the functions of Finance commission of India.
Answer :
Word Count : 307
The Finance Commission of India plays a crucial role in ensuring financial stability and equitable distribution of resources between the Union and the States. One of its primary functions is to recommend the distribution of the net proceeds of taxes between the Union and the States. This involves determining the share of each state in the central taxes, ensuring that resources are allocated based on factors such as population, income, and fiscal capacity, which helps in ____ ________ ______ ________ ___ ___.
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The Finance Commission of India plays a crucial role in ensuring financial stability and equitable distribution of resources between the Union and the States. One of its primary functions is to recommend the distribution of the net proceeds of taxes between the Union and the States. This involves determining the share of each state in the central taxes, ensuring that resources are allocated based on factors such as population, income, and fiscal capacity, which helps in ____ ________ ______ ________ ___ ___.
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