The Finance Commission of India plays a crucial role in ensuring equitable distribution of financial resources between the central government and the states. Established under Article 280 of the Indian Constitution, the Finance Commission’s primary responsibility is to recommend the distribution of the net proceeds of taxes between the Union and the States, as well…
Introduction India follows a federal system of government, where financial relations between the Centre and States play a crucial role in maintaining a balance of power and resources. The financial distribution framework is primarily governed by the Constitution of India, which lays out provisions for taxation, grants, and revenue sharing. Given the diverse economic conditions…
Introduction The Finance Commission plays a crucial role in shaping the fiscal framework between the Centre and the States in India. Established under Article 280 of the Indian Constitution, the Finance Commission is a constitutional body tasked with recommending the distribution of financial resources between the Union (Central Government) and the States, as well as…