Finance Commission Subject: Polity Section: Constitutional Bodies Why is it in the news? The Sixteenth Finance Commission is due to be set up shortly. It will re-examine the recommendations of 15th Finance commission since many changes have taken place since 2017 that includes Covid-19 and the subsequent geopolitical changes. Finance Commission The President […]

Subject: Polity Context: Finance Commission chief says that GST cess will continue. Concept : Finance Commission is a constitutional body under Article 280 created every five years to recommend the transfer of financial resources from the Centre to the States. The Commission also decides the principles on which grants-in-aid will be given to the States. […]