Topic Details (Notes format)

Finance Commission of India

Subject: Polity

Book: Indian Polity by M. Laxmikanth

A constitutional body established under Article 280 every five years to recommend distribution of tax revenues between the Union and states. It examines states’ fiscal needs, assesses finances, and suggests grants-in-aid. Its recommendations, though advisory, hold significant weight in ensuring federal equity. By factoring in population, income distance, forest cover, etc., the Commission guides balanced development. It influences resource allocation for local bodies (panchayats/municipalities) as well, reinforcing decentralization. Over time, commissions have introduced performance-based incentives, motivating states to enhance governance. The President appoints the Chairperson and members with expertise in public affairs, shaping the Commission’s pivotal role in cooperative federalism.

Practice Questions

What is the minimum number of members in the Lok Sabha?

राष्ट्रपति की नियुक्ति में किस संस्था का योगदान महत्वपूर्ण होता है?

Which article of the Indian Constitution mentions the procedure for amendment?

संसद सदस्यों का वेतन का निर्धारण किसकी स्वीकृति से होता है?

What is the procedure for impeachment of the President of India?

Which of the following provisions is related to the emergency powers of the President of India?

Who was the first woman Chief Minister in India?

न्यायिक समीक्षा किस सिद्धांत पर आधारित है?

संघीय परिषद का प्रावधान किस अनुच्छेद में है?

राजनीतिक दलों की स्वतंत्रता किस अनुच्छेद में सुनिश्चित की गई है?