What is Article 280?
By Balaji
Updated on: February 17th, 2023
The Finance Commission is mentioned in Article 280 of the Indian Constitution. According to Article 280 of the Indian Constitution, the President of India has the authority to form the Finance Commission and contribute to its recommendations regarding the distribution of taxes between the State Governments and the Union Government, as well as the distribution of taxes among the states.
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1. Article 280 of the Constitution of India
Article 280 of the Constitution of India
Article 280 of the Indian Constitution provides for the establishment of a Finance Commission as needed.
- According to the article, the President of India can form a Finance Commission and make recommendations on tax distribution between state and union governments.
- The process also includes the appointment of a chairman, known as the Finance Commissioner, who should have relevant experience in public affairs, as well as four other members who should be qualified in economics, financial matters, administration, and so on.
- The first-ever Finance Commission was set up on 6th April 1952 under the chairmanship of Shri K.C. Neogy.
- The current, 15th Finance Commission is headed by Nand Kishore Singh.
- He succeeded Mr Y.V. Reddy who was the chairperson of the 14th Finance Commission.
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