Question

Describe the organisation and functions of Finance Commission of India

17 Apr 2025
Answer :
Word Count : 641

The Finance Commission of India is a constitutional body that plays a crucial role in ensuring the equitable distribution of financial resources between the Union Government and the States, and among the States themselves. It was established under Article 280 of the Indian Constitution, with the primary objective of recommending the distribution of the net proceeds of taxes between the Centre and the States and among the States themselves. This body is essential for maintaining fiscal federalism, ensuring balanced financial development, and stabilizing the economy.

### Composition of the Finance Commission

The Finance Commission consists of a Chairman and four other members who are appointed by the President of India. The members of the Commission are typically individuals with expertise in public finance, economics, administration, and law. The __________ ____ ____ ___ ____ ________ ___ ___.
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