Information on Finance Commission of India
The Constitution (Article 280) provides for the appointment of a Finance Commission consisting of a Chairman and four other members within two years of the inauguration of the Republic, and thereafter at the expiry of every fifth year or earlier. The duties of the Commission are to recommend to the President the distribution of the taxes which are distributable between the Centre and the States, the principles on which grants should be made out of the Union revenues to the States and any other matter referred to the Commission by the President in the interest of sound finance. The Finance Commission is appointed by the President.
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|
Finance Commission |
Chairman |
Date of Appointment |
|
First |
K. C. Neogy |
Feb. 1953 |
|
Second |
K. Santhanam |
Sep. 1957 |
|
Third |
K. K. Chanda |
Dec. 1961 |
|
Fourth |
Dr. P. V. Rajamannar |
Sep. 1965 |
|
Fifth |
Mahavir Tyagi |
Nov. 1969 |
|
Sixth |
Brahamananda Reddy |
Dec. 1973 |
|
Seventh |
J. M. Shelat |
Oct. 1978 |
|
Eighth |
Y. B. Chavan |
Oct. 1983 |
|
Ninth |
N. K. P. Salve |
Oct. 1988 |
|
Tenth |
K. C. Pant |
June 1993 |
|
Eleventh |
A. N. Khusro |
July 1998 |
|
Twelfth |
C. Rangarajan |
2002-2007 |
|
Thirteenth |
Vijay L. Kelkar |
Nov. 2007 |