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The Finance Commission is a Constitutional body formulated under Article 280 of the Indian Constitution. It is constituted every five years by the President of India to review the state of finances of the Union and the States and suggest measures for maintaining a stable and sustainable fiscal environment. The Commission has the power to determine their own procedure and has all powers of the civil court as per the Court of Civil Procedure, 1908. Functions of the commission: 1. Distribution of net proceeds of taxes between Centre and the States, to be divided as per their respective contributions to the taxes. 2. Determine factors governing Grants-in Aid to the states and the magnitude of the same. 3. To make recommendations to president as to the measures needed to augment the Consolidated Fund of a State to supplement the resources of the panchayats and municipalities in the state on the basis of the recommendations made by the Finance Commission of the state.
I was half inclined to turn and go back.
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His own descriptions were greatly influence in the Tamil authors that he read.
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The Corporate Affairs Ministry, which is implementing the Insolvency and Bankruptcy Code (IBC), has bought comments on the draft framework till Decem...
To get into the building, I'll disguise as a reporter.
Reena unknowingly altered salt instead of sugar to the dessert making it taste terrible.
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