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    [Solved] Who determines the qualifications of the members of the Fina

    The Correct Answer is Parliament. Key Points The Parliament determines legally the qualifications of the members of the Commission&

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    Who determines the qualifications of the members of the Finance Commission?

    President Parliament Prime Minister

    Comptroller and Auditor General

    Answer (Detailed Solution Below)

    Option 2 : Parliament

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    Detailed Solution

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    The Correct Answer is Parliament.

    Key Points

    The Parliament determines legally the qualifications of the members of the Commission and their selection methods.

    Under Article 280 of the Constitution, the Finance Commission is appointed by the President.

    Its main function is to give its recommendations on the distribution of tax revenues between the Union and the States and amongst the States themselves.

    The other functions involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of the center and the States respectively and equalization of all public services across the States.

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    स्रोत : testbook.com

    The qualifications of the Chairman and other members of the Finance Commission .

    Click here👆to get an answer to your question ✍️ The qualifications of the Chairman and other members of the Finance Commission .

    Question

    The qualifications of the Chairman and other members of the Finance Commission _______________.

    A

    have been laid down in the Constitution

    B

    are appointed by the President

    C

    are appointed by the Parliament

    D

    are determined by the President in consultation with the Comptroller and Auditor-General of India

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    स्रोत : www.toppr.com

    Finance Commission of India

    Finance Commission of India - Article 280 deals with Finance Commission of India. Read about the role of finance commission. The article also provides information on finance commission of India chairman for UPSC exam. Download Finance Commission of India Notes PDF. For UPSC 2022 preparation, follow BYJU'S.

    IAS PreparationUPSC Preparation StrategyFinance Commission Of India

    Finance Commission of India - Indian Polity Notes

    Finance Commission of India - Indian Polity Notes What is the Finance Commission of India?

    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.

    Aspirants preparing for Civil Services exam can go through other such bodies on the links provided below-

    Types of Constitutional Bodies

    Constitutional, Statutory and Quasi-Judicial Bodies

    Shri Ajay Narayan Jha recently joined the Fifteenth Finance Commission as its member. The 15th Finance Commission has released a report titled ‘Finance Commission in COVID Times’ on 1st February 2021. Candidates can go through the detailed information on 15th Finance Commission on the linked page.

    It is an important topic in IAS Exam as it forms an important part of Political Science subject for prelims, mains GS-II and optional papers.

    Improve your chances of cracking the IAS Exam by attempting the CSAT Mock Tests now!!Learn from IAS ToppersGS 1 Structure Strategy and SyllabusGS 2 Structure Strategy and SyllabusGS 3 Structure Strategy and SyllabusGS 4 Structure Strategy and SyllabusTopic-wise GS 1 Questions for UPSC MainsTopic-wise GS 2 Questions for UPSC MainsTopic-wise GS 3 Questions for UPSC MainsPolity Questions for UPSC MainsGovernance Questions for UPSC MainsPublic Organisation Questions for UPSC MainsStay updated with Current AffairsDownload UPSC Notes PDF (Free)Download NCERT Notes PDF (Free)Finance Commission of India – Indian Polity Notes:-Download PDF HereTable of Contents:

    What is Finance Commission of India?

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    Article 280 of the Indian Constitution

    President after two years of the commencement of Indian Constitution and thereafter every 5 years, has to constitute a Finance Commission of India.

    It shall be the duty of the Commission to make recommendations to the President in relation to the:

    the distribution between the Union and the States of the net proceeds of taxes which are to be, or maybe, divided between them and the allocation between the States of the respective shares of such proceeds;

    the principles which should govern the grants in aid of the revenues of the States out of the Consolidated Fund of India;

    any other matter referred to the Commission by the President in the interests of sound finance

    The Commission shall determine their procedure and shall have such powers in the performance of their functions as Parliament may by law confer on them

    Note: President can also constitute Finance Commission before the expiry of five years as he considers necessaryArticle 281 of the Indian Constitution

    It is related to the recommendations of the Finance Commission:

    The President has to lay the recommendation made by Finance Commission and its explanatory memorandum before each house of Parliament

    To read more on important articles of the Indian Constitution, you may check the linked article.

    Who Constitutes Finance Commission of India?

    President of India constitutes the Finance Commission every five years or on time considered necessary by him.

    What is the composition of Finance Commission of India?

    Finance Commission Chairman and Members

    Chairman: Heads the Commission and presides over the activities. He should have had public affairs experience.

    Four Members.

    The Parliament determines legally the qualifications of the members of the Commission and their selection methods.

    Qualifications of Finance Commission Chairman and Members

    The 4 members should be or have been qualified as High Court judges, or be knowledgeable in finance or experienced in financial matters and are in administration, or possess knowledge in economics.

    All the appointments are made by the President of the country.

    Grounds of disqualification of members:

    found to be of unsound mind, involved in a vile act, if there is a conflict of interest

    The tenure of the office of the Member of the Finance Commission is specified by the President of India and in some cases, the members are also re-appointed.

    The members shall give part-time or service to the Commission as scheduled by the President.

    The salary of the members is as per the provisions laid down by the Constitution.

    What are functions of the Finance Commission of India?

    स्रोत : byjus.com

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