WebThere are three types of funds of the Central Government – Consolidated Fund of India (Article 266), Contingency Fund of India (Article 267) and Public Accounts of India (Article 266) mentioned in the Indian Constitution. The topic, ‘Types of Funds in India’ comes under GS-II – Indian Polity syllabus of the IAS Exam. WebThe 14 th Finance Commission was constituted on January 2, 2013. Y.V. Reddy, the former Governor of Reserve Bank of India, was this commission’s chairperson. Its prominent members included M. Govinda Rao, Sushma Nath, Sudipto Mundle, Abhijit Sen, and AN Jha. Objective
Finance Commissions in India: An Overview of Recommendations
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Finance Commission of India, Chairman List and its Functions
WebMar 21, 2015 · First Finance commission - K C Neogy (1952-1957); Second Finance commission - K Santhanam (1957-1962); Third Finance commission - A K Chandra … WebNov 25, 2024 · Introduction. The Finance Commission of India is a constitutional body that has survived for over 50 years on Indian soil. Formed under Article 280 of the Indian … Web2 days ago · Functions of the commission Finance Commission will provide recommendations in the following manner: 1. For the distribution of net proceeds of taxes between the Centre and States 2. Principles governing grants-in-aid 3. Measures needed to increase the Consolidated Fund of India or States to supplement the resources of the … cvs beard trimmer