Present chairman of finance commission

Sir John Mahoney who was the first chairman of the finance commission. Who Is The 4th Finance Minister Of Karnataka The 4th Finance Minister of Karnataka is B. S. Yeddyurappa. Who Established Finance Commission The finance commission was established in 1968 to improve the functioning of the Pakistani financial system. Its primary objective was to promote sound financial management and to prevent financial instability. The commission was also responsible for developing and implementing financial regulations and for providing technical assistance to the banking system. Who Is The Chairman Of 14th Finance Commission Of India The Chairman of 14th Finance Commission of India is a man by the name of Shivraj Singh Chouhan. He is the current Finance Minister of India and a member of the Indian Parliament. Who Is The Present Education Minister The present education minister is Diane James. She was born in 1957 and became an education minister in the Conservative Government of Canada in 2003. She has a B.A. from the University of Saskatchewan and a M.A. from the University of Toronto. Who Is The Present Finance Commission Chairman The present finance commission chairman is Ajit Pai. Ajit Pai is the current Chairman of the Federal Communications Commission. Ajit Pai is a Republican. What Does The State Finance Commission In Karnataka Do The State Finance Commission (SFC) is a government body in Karnataka which is responsible for the regulation and control of the state’s finances. The...

From UPSC perspective, the following things are important : Prelims level : Finance Commission Mains level : Read the attached story The Union government is gearing up to constitute the Sixteenth Finance Commission in November this year to recommend the formula for sharing revenues between the Centre and the States for the five-year period beginning 2026-27. What is the Finance Commission? • The Finance Commission (FC) was established by the President of India in 1951 under Article 280 of the Indian Constitution. • It was formed to define the financial relations between the central government of India and the individual state governments. • The Finance Commission (Miscellaneous Provisions) Act, 1951 additionally defines the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. • As per the Constitution, the FC is appointed every five years and consists of a chairman and four other members. • Since the institution of the First FC, stark changes in the macroeconomic situation of the Indian economy have led to major changes in the FC’s recommendations over the years. Constitutional Provisions Several provisions to bridge the fiscal gap between the Centre and the States were already enshrined in the Constitution of India, including Article 268, which facilitates levy of duties by the Centre but equips the States to collect and retain the same. Article 280 of the Indian Constitution defines the scope of the commiss...

The correct answer is Chinnaswamy. Key Points • C.G.Chinnaswamy is theChairman of the FourthFinance Commission of Karnataka. Finance Commission of Karnataka Chairman Year 1st Dr.G.Thimmaiah 1996 2nd K.P.Surendranath 2002 3rd A.G. Kodgi 2008 4th C.G.Chinnaswamy 2015 Additional Information • First Finance commissionwas established in 1951and K.C.Neogyas Chairman. • The presidentappoints the Finance commission of India. Important Points • Finance commission is the constitutional body, set up under the Article 280of the Constitution. • The Term of the finance commission is 5 years. • Recent finance commission of India Finance Commission Chairman Year Appointed 13th Dr. Vijay Kelkar 2007 14th Y.V. Reddy 2013 15th(Present) N.K Singh 2017 The KSP Constable application date extended to 30th November 2022. This is for the Advt. Dt. 19th September 2022.Recently, theKarnataka State Police (KSP) also released the official notification for the recruitment of a Candidates could apply for the same between 20th October 2022 to 21st November 2022.The candidates can go through the

Finance Commission is a quasi-judicial body under Article 280 of the Constitution of India. The President of India constitutes the Finance Commission every fifth year or earlier as he deems fit. • The Finance Commission states the financial relations between the Center and the state governments. • The first Finance Commission was formed in 1951 under the Finance Commission (Miscellaneous Provisions) Act, 1951 and there have been 15 so far from the promulgation of the Constitution of India in 1950. • The present Finance Commission or the 15th FC was constituted in 2017 and is headed by N.K. Singh, who has formerly been a member of the Planning Commission. • The backdrop in which the 15th Finance Commission was constituted is important because the Planning Commission was dissolved in 2014 and later in 2017 the introduction of GST (Goods and Services Tax) which has overhauled the fiscal relations of the Centre-state took place. Composition of the Finance Commission The Finance Commission is constituted of a chairman and four other members and they are appointed by the President. The members of the Finance Commission hold the office for a period as the President specifies and the members are also eligible for reappointment. Qualifications The Parliament of India has been invested with the power to determine the qualifications necessary for the members of the Finance Commission and the manners in which the members are to be selected, by the Constitution of India. Accordingly, t...