Write a note on the State Finance Commission
The State Finance Commission is a constitutional body established under the provisions of the Indian Constitution. Its main objective is to recommend the distribution of financial resources between the state and local bodies within the state. The commission is expected to suggest ways to enhance the revenue resources of local bodies, recommend measures for strengthening their financial position, and advise on the distribution of grants-in-aid from the state government.
The first State Finance Commission was constituted in 1951, and since then, several commissions have been appointed to review and recommend the financial arrangements between the state government and local bodies. The latest commission was constituted in 2020, ______ _______ __________ ___ ___ _______ ______ ________ ___.
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