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What is Finance Commission about?
Arvind Panagariya has been appointed as the 16th Chairman of the Finance Commission, a quasi-judicial constitutional body that advises on the distribution of tax revenues between the Centre and states. The Commission, constituted every five years, provides recommendations on financial arrangements and grants-in-aid, with its reports being advisory and not binding. The current terms of reference include addressing issues related to fiscal discipline, disaster management, and the impact of GST on state financ
- Author
- vaibhaviapple17
- Language
- EN