|
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 |
|
