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According to Article 243 I of the Constitution, the Governor of a state constitutes the Finance Commission for every __________.
2 years
3 years
5 years
7 years
5 years
Article 243-I mandates the Governor of a state to constitute a State Finance Commission (SFC) every five years to review the financial position of Panchayats. This body makes recommendations regarding the distribution of net proceeds of taxes, duties, and tolls between the state and the Panchayati Raj institutions.
Article 243-I mandates the Governor of a state to constitute a State Finance Commission (SFC) every five years to review the financial position of Panchayats. This body makes recommendations regarding the distribution of net proceeds of taxes, duties, and tolls between the state and the Panchayati Raj institutions.
Article 243-I was introduced by the 73rd Constitutional Amendment Act, 1992, which granted constitutional status to the Panchayati Raj Institutions in India.
The State Finance Commission is a constitutional body required under Part IX of the Constitution.
The Governor determines the qualifications of members and the manner of their selection.
The commission recommends the principles for 'grant-in-aid' to the Panchayats from the Consolidated Fund of the State.
The State Legislature is empowered to provide by law for the composition of the commission and the qualifications of its members.
The Governor causes every recommendation made by the commission, together with an explanatory memorandum as to the action taken, to be laid before the State Legislature.
While Article 243-I pertains to Panchayats, Article 243-Y mandates a similar Finance Commission for Municipalities.
Options A, B, and D are incorrect as the statutory requirement for the constitution of the commission is strictly set to every five years, mirroring the periodicity of the Central Finance Commission under Article 280.
C is correct тАФ According to Article 243-I, the Governor of a state must constitute the Finance Commission every five years.
Always distinguish between Article 243-I (Panchayats) and Article 280 (Central Finance Commission); the former is appointed by the Governor, while the latter is appointed by the President of India.
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