Page-5 of Finance Commission Current Affairs, GK & News

State Finance Commissions

The state finance commissions were added by 73rd amendment act. They have been enshrined in article 243-I and 243-Y in Part IX A and IX B. They are constituted by Governor every five years. Primary concern is to suggest ways and means to strengthen the institutions of local governance viz. PRIs and ULBs They recommend ..

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15th Finance Commission : Key Terms of Reference

The presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions. Southern states have raised objections over the directive to use population data in the ToR from the 2011 Census and not the 1971 Census that was used earlier. The terms of reference of the 15th finance commission raises questions about constitutional ..

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15th Finance Commission constitutes an Advisory Council to advise and assist Commission

The 15th Finance Commission has constituted an advisory council to advise and assist the commission. The 6-member council will be headed by the President of Forum for Strategic Initiatives, Arvind Virmani. The role and functions of the council will be to advise the commission on any issue or subject related to the Terms of Reference ..

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Ravi Kota appointed as new Joint Secretary of 15th Finance Commission of India

Ravi Kota, the 1993 batch IAS officer of Assam- Meghalaya, has been appointed Joint Secretary of 15th Finance Commission under the Department of Economic Affairs (DEA). Presently, he is posted as Principal Secretary in Government of Assam-Meghalaya. The Finance Commission, set up in 1951 under Article 280 of the Constitution, basically decides how revenue has ..

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NK Singh to be chairman of 15th Finance Commission

Under the chairmanship of NK Singh, who is the former bureaucrat and ex-Member of Parliament, the 15th Finance Commission has been constituted by the Union Government. The Commission will make recommendations for the five years commencing 1st April 2020. It will recommend devolution of shareable central taxes to the States and will also review several ..

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