1. Home
  2.  |  
  3. State Current Affairs  |  

Andhra Pradesh constituted Fourth State Finance Commission

Jan 12, 2015 16:35 IST

Andhra Pradesh government constituted the Fourth State Finance Commission under the Chairmanship of M L Kantha Rao, the Professor of Economics and Dean S K University.

The notification with respect to this was released on 4 January 2015 by Governor E S L Narasimhan.

The Commission will submit its report for the period of reference 2015-2020

Other members of the Commission

  • Kankala Munirathna Naidu
  • Rokkam Sudarshana Rao
  • Gudipadu Sandhya Rani
  • C Venkateswara Rao: Member Secretary

About State Finance Commission

Article 243I of the Constitution, inserted by Constitution (Seventy-third Amendment) Act, 1992, prescribes for the appointment of a State Finance Commission by the Governor of a State.

The Commission shall be constituted at the expiration of every fifth year to review the financial position of the Panchayats and to make recommendations to the Governor regarding

  • The distribution between the State and the Panchayats of the net proceeds of the taxes, duties, tolls and fees leviable by the State;
  • The determination of the taxes, duties, tolls and fees which may be assigned as, or appropriated by, the Panchayats;
  • The grants-in-aid to the Panchayats from the Consolidated Fund of the State;
  • The measures needed to improve the financial position of the Panchayats;
  • Any other matter referred to the Finance Commission by the Governor in the interests of sound finance of the Panchayats.

Article 243Y of the Constitution further provides that the Finance Commission constituted under Article 243 I shall make similar recommendation vis-a-vis municipalities.

Is this article important for exams ? Yes42 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK