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Advisor – Finance Commission
May 7 , 2019
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- The Chief Economic Advisor to Indian government, Dr. Krishnamurthy Subramanian is appointed as 12th Member of Advisory Council of Fifteenth Finance Commission (FC).
- He is expected to advise FC on any relevant matter or subject related to Terms of Reference (ToR) of Commission.
Finance Commission
- The first FC was constituted on April 6, 1952 under Chairmanship of KC Negoy.
- It is constituted under article 280 of Constitution by President of India.
- FC stipulates the distribution of tax revenues between Union and States and amongst states themselves.
- It is appointed for a period of five years.
- It comprises of five members including a chairman and four other members.
- For details about 15th Finance commission please go here https://www.tnpscthervupettagam.com/15th-finance-commission-constituted/ (News dated 08.11.17)
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