Question
Under which article of Indian Constitution the Finance
Commission is constitued?Solution
The Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article 280 of the Indian Constitution by the Indian President. It was created to define the financial relations between the Centre and the states. It was formed in 1951.
āEscape clauseā refers to the situation under which the central government can flexibly follow fiscal deficit targets during special circumstances. ...
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Consider the following statements:
1. Part 'B' of the Budget speech of the finance minister includes description of the initiatives on economi...
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124, 129, 136, 145, 156, ?
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Fixed assets and current assets are categorized as per concept of:Ā
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