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Finance Commissioner of India

 

The Finance Commission of India came into existence in 1951.

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.

The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission.

 

 

 

Finance Commission

Year

Chairman

Term

 

First

1951

K. C. Neogy

1952�57

 

Second

1956

K. Santhanam

1957�62

 

Third

1960

A.K. Chanda

1962�66

 

Fourth

1964

P. V. Rajamannar

1966�69

 

Fifth

1968

Mahaveer Tyagi

1969�74

 

Sixth

1972

K. Brahmananda Reddy

1974�79

 

Seventh

1977   

J.M. Shelat

1979�84

 

Eighth

1983   

Y. B. Chavan

1984�89

 

Ninth

1987   

N.K.P. Salve

1989�95

 

Tenth

1992   

K.C. Pant

1995�2000

 

Eleventh

1998   

A.M.Khusro   

2000�2005

 

Twelfth

2003   

C. Rangarajan

2005�2010

 

Thirteenth

2007   

Dr. Vijay L. Kelkar

2010�2015

 

Fourteenth

2012   

Dr. Y. V Reddy

2015�2020

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