Nand Kishore Singh
The commission’s chairman is Nand Kishore Singh, with its full-time members being Ajay Narayan Jha, Ashok Lahiri and Anoop Singh. In addition, the commission also has a part-time member in Ramesh Chand.
Who appoints chairman of the Finance Commission?
the President
The Finance Commission has a chairman and four members appointed by the President. The government of India provides necessary support and manpower including a secretary to the commission to facilitate its work.
Who is the first chairman of the Finance Commission?
K. C. Niyogi
The First Finance Commission of India was appointed in 1951, for the period 1952-57 by the President of India and was chaired by K. C. Niyogi.
Who is current finance Secretary of India?
T. V Somanathan
Finance Secretary (India)
| Finance Secretary of India वित्त सचिव | |
|---|---|
| Flag of India | |
| Incumbent T. V Somanathan, IAS since 29 April 2021 | |
| Ministry of Finance | |
| Reports to | Parliament of India Council of Ministers of India Prime Minister of India Finance Minister of India Cabinet Secretary of India |
What does Article 275 say?
Notes: The first statement is incorrect because article 275 does not say that every state of India is to be assigned some grant in aid. The basic rule is to have a system of Grants-in-aid to the “needy states”. This means that some states can be kept out of grant-in-aids.
What is the main function of Finance Commission?
The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.
What is the Article 273?
(1) There shall be charged on the Consolidated Fund of India in each year as grants-in-aid of the revenues of the States of Assam, Bihar, 1Orissa and West Bengal, in lieu of assignment of any share of the net proceeds in each year of export duty on jute and jute products to those States, such sums as may be prescribed.
What is first backward commission?
Adhering to Article 340 of the Constitution of India, the First Backward Classes Commission was set up by a presidential order on 29 January 1953 under the chairmanship of Kaka Kalelkar. It is also known as the First Backward Classes Commission, 1955 or the Kaka Kalelkar Commission.
What is finance commission in simple words?
Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article 280 of the Indian Constitution by the Indian President. It was created to define the financial relations between the Centre and the states.
