top of page
16th Finance Commission Recommendations Explained: ₹7.91 Lakh Crore for Local Bodies, New Devolution Formula, and a Compliance-Driven Shift in India’s Fiscal Federalism
What Is the Finance Commission and Why It Matters The Finance Commission (FC) is a constitutional body under Article 280 of the Constitution of India , constituted by the President of India every five years or earlier if required. Its core purpose is to strengthen fiscal federalism by recommending how financial resources are distributed between different layers of government. Core Functions of the Finance Commission Recommend the sharing of net tax proceeds between the Un
15 hours ago8 min read
bottom of page