Who is the 13th Chairman of Finance Commission?
Table of Contents
Who is the 13th Chairman of Finance Commission?
Dr. Vijay Kelkar
The Thirteenth Finance Commission (FC-XIII) was constituted by the President under Article 280 of the Constitution on 13 November 2007 to make recommendations for the period 2010-15. Dr. Vijay Kelkar was appointed the Chairman of the Commission.
Who is the founder of Finance Commission?
Dr. B.R. Ambedkar
The Finance Commission was established in 1951 by Dr. B.R. Ambedkar, the then-incumbent law minister, to address these imbalances.
What is the establishment of 13 Finance Commission?
It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state.
Who is the 14 Chairman of Finance Commission?
Dr. Y. V. Reddy
Dr. Y. V. Reddy was appointed the Chairman of the Commission. Report of The Fourteenth Finance Commission (2015-2020).
Who is the Chairman of 15th Finance Commission?
On 9 November 2020, the Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, submitted its report for the period 2021-22 to 2025-26 to the Hon’ble President of India.
Who was the Chairman of 15th Finance Commission?
Chairman Sh N K Singh
On 9 November 2020, the Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, submitted its report for the period 2021-22 to 2025-26 to the Hon’ble President of India.
Who was the first Chairman of Finance Commission?
Shri K.C. Neogy
The First Finance Commission was constituted vide Presidential Order dated 22.11. 1951 under the chairmanship of Shri K.C. Neogy on 6th April, 1952.
What was the state share in 13th Finance Commission?
32%
Recommendations. The major recommendations of the Commission were: The share of states in the net proceeds of the shareable Central taxes should be 32%. This is 1.5 percentage-points higher than the recommendation of the 12th Commission.
Who is chairman of 15th Finance Commission?
Nand Kishore Singh
The commission’s chairman is Nand Kishore Singh, a senior member of the Bharatiya Janata Party (BJP) since March 2014, with its full-time members being Ajay Narayan Jha, Ashok Lahiri and Anoop Singh. In addition, the commission also has a part-time member in Ramesh Chand.
Who is the 15th Finance Minister of India?
Nirmala Sitharaman is the current Finance Minister of independent India. She took charge on 31 May 2019.
Who is Professor Musgrave?
Richard Musgrave, the Harold Hitchings Burbank Professor of Political Economy, Emeritus, was the leading public finance economist of his generation. He died on January 15, 2007, at the age of 96.
Who is the Chairman of 12th Finance Commission?
Dr. C. Rangarajan
The Twelfth Finance Commission, under the chairmanship of Dr. C. Rangarajan held a meeting with the Finance Ministers of State Governments on April 9, 2003 at 2.
Which is the latest Finance Commission?
In July 2019, The Union Cabinet chaired by Prime Minister Narendra Modi approved the extension of the term of Fifteenth Finance Commission up to 30 November 2019 to enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalise its …
What is Musgrave theory?
Musgrave’s theory broke down governmental economic activity into three parts: the allocation of resources; the distribution of goods and services; and the stabilization of the broader economy.
