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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.
Bajrang Punia is related to which sport?
How many digits does the IFSC code contain?
The rivers Ken and Betwa are tributaries of which larger river?
हाल ही में संपन्न हुए हॉकी एशिया कम में भारत ने किस देश क�...
Consider the following Minerals:
1. Hematite
2. Nickel
3. Chromite
4. Dolomite
5. Kyanite
6. Mica
Which of the above minerals are Non-metallic?
What was the location of the 4th Rashtriya Hindi Vigyan Sammelan in 2024?
FIFA headquarter is located in:
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In IT sector what does IoT stands for -
India participated in the 44th session of the Codex Committee on Nutrition and Foods for Special Dietary Uses (CCNFSDU) in which country?