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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

195257

 

Second

1956

K. Santhanam

195762

 

Third

1960

A.K. Chanda

196266

 

Fourth

1964

P. V. Rajamannar

196669

 

Fifth

1968

Mahaveer Tyagi

196974

 

Sixth

1972

K. Brahmananda Reddy

197479

 

Seventh

1977   

J.M. Shelat

197984

 

Eighth

1983   

Y. B. Chavan

198489

 

Ninth

1987   

N.K.P. Salve

198995

 

Tenth

1992   

K.C. Pant

19952000

 

Eleventh

1998   

A.M.Khusro   

20002005

 

Twelfth

2003   

C. Rangarajan

20052010

 

Thirteenth

2007   

Dr. Vijay L. Kelkar

20102015

 

Fourteenth

2012   

Dr. Y. V Reddy

20152020

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