Discuss the evolution and relevance of the Finance Commission in India and the reason for sharing resources between the Centre and States.
Points to Remember: Evolution of the Finance Commission in India. Constitutional basis and mandate. Criteria for resource allocation. Relevance in a federal structure. Issues and challenges. Future recommendations. Introduction: The Finance Commission of India is a constitutional body established under Article 280 of the Indian Constitution. Its primary function is to recommend the principles governing … Read more Discuss the evolution and relevance of the Finance Commission in India and the reason for sharing resources between the Centre and States.