Finance Commissionwikipedia
The First Finance Commission (IAST: Vitta Āyoga) was established by the President of India in 1951 under Article 280 of the Indian Constitution.
finance commissionFinance Commission of India15th Finance Commission of Indiaprevious commissions13th Finance Commission of Indiathirteenth Finance Commission15th Finance Commission

Fifteenth Finance Commission

most recent15th Finance Commission
The most recent was constituted in 2017 and is chaired by N. K.Singh, a former member of the Planning Commission.
The Fifteenth Finance Commission of India (XV-FC; IAST: {{IAST|Paṃdrahavāṃ Bhāratīya Vitta Āyoga}}) is an Indian Finance Commission constituted in November 2017 and is to give recommendations for devolution of taxes and.other fiscal matters for five fiscal years, commencing on 1 April 2020.

President of India

PresidentPresidentialpresident of India
The First Finance Commission (IAST: Vitta Āyoga) was established by the President of India in 1951 under Article 280 of the Indian Constitution.
However, until now no guidelines defining the situation of financial emergency in the entire country or a state or a union territory or a panchayat or a municipality or a corporation have been framed either by the finance commission or by the central government.

Shaktikanta Das

Nand Kishore Singh was appointed as the commission's chairman, with its full-time members being Shaktikanta Das and Anoop Singh and its part-time members being Ramesh Chand and Ashok Lahiri.
He currently is a member of the 15th Finance Commission of India, and India's Sherpa to the G-20.

Fourteenth Finance Commission

FourteenthFourteenth Finance Commission
The Fourteenth Finance Commission of India was a finance commission constituted on 2nd January 2013.

Government of India

government of IndiaIndian governmentCentral Government
It was formed to define the financial relations between the central government of India and the individual state governments.
Inter-state share in the union tax pool is decided by the recommendations of the Finance Commission to the president.

Fifth Finance Commission

The terms of reference of the Fifth Finance Commission were wider than those of the previous commissions.

Fiscal Responsibility and Budget Management Act, 2003

The Fiscal Responsibility and Budget Management Act, 2003Fiscal Responsibility and Budgetary Management Act, 2003Fiscal Responsibility & Budget Management Bill
It was reported that the Thirteenth Finance Commission of India was working on a new plan for reinstating fiscal management in India.

Planning Commission (India)

Planning CommissionPlanning Commission of IndiaPlanning Commission, Government of India
The most recent was constituted in 2017 and is chaired by N. K.Singh, a former member of the Planning Commission.

N. K. P. Salve

N.K.P Salve
He also remained chairman of the 9th Finance Commission of India (1984–89).

Kshitish Chandra Neogy

K.C. Neogy
On 22 November 1951, Neogy was appointed by the President of India as the chairman of the first Finance Commission of India.

Sadat Abul Masud

He was one of the four members of the 6th Finance Commission of India set up by the Government of India in 1972, under the chairmanship of Kasu Brahmananda Reddy, for advising on the Centre-State finance allocations.

T. R. Prasad

TR Prasad
He was of 1963 batch of Indian Administrative Service from the Andhra Pradesh cadre, was also the member of the 12th Finance Commission and director of several companies including the scam-tainted company Satyam Computer Services Ltd from which he resigned when Byrraju Ramalinga Raju admitted accounting fraud.

Federalism in India

federal structurefederalismstate matter
The President of India constitutes a Finance Commission every five years to recommend devolution of Union revenues to State governments.

C. D. Deshmukh

Chintaman Dwarakanath DeshmukhSir Chintaman Dwarakanath DeshmukhChintaman Dwarkanath Deshmukh
The Government of India appointed Deshmukh to resolve this matter pending the establishment of a Finance Commission.

Nikhil Kumar

His brother-in-law is ex Rajya Sabha MP N. K. Singh, Chairman of 15th Finance Commission of India who has been among country's prominent bureaucrats and served as India's Revenue Secretary and also Principal Secretary to the Prime Minister.

B. B. Bhattacharya

He has served as chairman and member of many important Committees and Commissions of the various ministries of the Government of India, notably, Human Resource Development, Finance, Agriculture as well as the Reserve Bank of India, Planning Commission, Finance Commission, Central Statistical Organization and University Grants Commission.

Hans Raj Khanna

He was then offered the Chairmanship of the Finance Commission, a position he also refused.

Bharat Karnad

He was a Member of the National Security Advisory Board, National Security Council, Government of India, and Member of the Nuclear Doctrine Drafting Group, and formerly Advisor, Defense Expenditure to the Finance Commission, India.

Census town

census towncensus townstown
With a greater number of statutory towns, the states would be able to get more money from the Centre as per the 14th Finance Commission Report.