Paper I · 11 Indian Constitution, Polity & Governance · 11.4.1 Constitutional bodies

11.4.1.3 Finance Commission

The Finance Commission, set up by the President every five years under Article 280, recommends how central taxes are shared with the states and among them, and which grants the Union should give; it is a quasi-judicial advisory body.

  • TGPSC MPSO / ASO · Paper I
  • Standard level
  • 8 min read
  • Full course

Key terms

  • Article 280
  • vertical devolution
  • horizontal distribution
  • grants-in-aid
  • K.C. Neogy
  • N.K. Singh
  • Arvind Panagariya
  • Sixteenth Finance Commission

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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