Article 280 of the Constitution mandates the President to constitute a Finance Commission. The main function of the Finance Commission is to make recommendations to the President on the distribution of net proceeds of taxes between the Union and the States, the principles which should govern the grants-in-aid to the States by the Centre, and other matters referred to it by the President.
Finance Commission is constituted by the President every
Asked in WBCS Main Paper 5 2019 · Topic: The Finance Commission (Composition, qualifications, and appointment of members)
More Indian Polity and Governance questions
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