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Finance Commission Of India
The Finance Commissions (IAST: ''Vitta Āyoga'') are commissions periodically constituted by the President of India under ''Article 280'' of the Indian Constitution to define the financial relations between the central government of India and the individual state governments. The First Commission was established in 1951 under The Finance Commission (Miscellaneous Provisions) Act, 1951. Fifteen Finance Commissions have been constituted since the promulgation of Indian Constitution in 1950. Individual commissions operate under the terms of reference which are different for every commission, and they define the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the constitution, the commission is appointed every five years and consists of a chairman and four other members. The most recent Finance Commission was constituted in 2017 and is chaired by N. K.Singh, a former member of the Planning Commissio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of India
The Constitution of India ( IAST: ) is the supreme law of India. The document lays down the framework that demarcates fundamental political code, structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles, and the duties of citizens. It is the longest written national constitution in the world. It imparts constitutional supremacy (not parliamentary supremacy, since it was created by a constituent assembly rather than Parliament) and was adopted by its people with a declaration in its preamble. Parliament cannot override the constitution. It was adopted by the Constituent Assembly of India on 26 November 1949 and became effective on 26 January 1950. The constitution replaced the Government of India Act 1935 as the country's fundamental governing document, and the Dominion of India became the Republic of India. To ensure constitutional autochthony, its framers repealed prior acts of the British parliam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eleventh Finance Commission
The Eleventh Finance Commission of India was appointed by the President on 3 July 1998 for the period 2000-2005. Members * Prof. A.M. Khusro, Chair * Shri N.C Jain * Shri J.C Jetly, IAS (retired) * Dr. Amaresh Bagchi * Shri T.N. Srivastava, IAS, Member Secretary. Terms of Reference The Commission was asked to make recommendations to the President with regard to the following:- # With regard to Chapter I of Part XII of the Constitution, the distribution between the Centre and the States of the net proceeds of taxes and the allocation between the States of the shares of these proceeds # The principles governing the grants-in-aid of the revenues of the States out of the Consolidated Fund of India and with regard to Article 275 of the Constitution - the sums to be paid to the States which are in need of assistance by way of grants-in-aid of their revenues for purposes other than those specified in the provisions to clause (1) of that article; # With regard to the recommen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenth Finance Commission
The Tenth Finance Commission of India was incorporated in the year 1992 consisting of Shri Krishna Chandra Pant as the chairman. Members The members of the commission were: * Shri Krishna Chandra Pant, Chairman * Dr. Debi Prasad Pal, Member of Parliament * Shri B.P.R. Vithal * Dr. C. Rangarajan, resigned on 21 December 1992 * Shri M.C. Gupta, Member Secretary, relinquished charge on 31 January 1994 * Shri Manu R. Shroff, In place of Dr. C. Rangarajan on 14 October 1993 * Shri Arun Sinha, Member Secretary (in place of M.C. Gupta) on 1 March 1994 Recommendations The commission recommended that: * The share of the Union Territories would not be determined on the grounds used for state share but it would be decided on the basis of population solely. The percentage would be 0.927% for the years 1995–2000. * Out of the total income obtained from certain central taxes and duties, 29% should go to the states. This is known as the 'Alternative Scheme of Devolution' and came into e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ninth Finance Commission
The Ninth Finance Commission of India was set up in June 1987 under the chairmanship of Mr. N.K.P Salve. Members The members of the Commission were: * Shri N.K.P. Salve, Chairman * Shri Justice Abdus Sattar Qureshi * Dr. Raja J. Chelliah * Shri Lal Thanhawla, resigned on 24 January 1989 * Shri Mahesh Prasad, Member Secretary, resigned during the term of the Commission * Shri S. Venkitaramanan, joined in place of Shri Lal Thanhawla on 3 May 1989 * Shri Venkitaramanan, resigned as Member of the Finance Commission on his appointment as Adviser to the Government of Karnataka * Shri R. Keishing, assumed charge as part-time Member of the Commission with effect from 25 November 1989. * Shri K.V.R. Nair, appointed as Member Secretary in place of Shri Mahesh Prasad from 13 July 1989 Terms of Reference The Commission was asked to adopt a normative approach in assessing the receipts and the expenditures on the revenue account not only of the states but also of the centre with due regard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
