Finance Commission Function

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The Planning Commission is an Institution in the Government of INDIA , which formulates the India's five years plan , among the other functions . The planning commission's functions as per the Government's 1950 resolution are 1. To take the assessment of the Material , Capital and the Human Resources of the country , which includes technical personnel and investigate the possibilities of augmenting those are related resources which are found to be deficient in relation to the nation;s requirement . 2 .To formulate a plan for the most effective and balanced utilization of country's resources . 3. To define the stages , on the basis of priority , in which the plan should be carried out and the purpose of allocation of resources for the due completion…show more content…
It was established under article 280 of the Indian Constitution by the president of India . It was formed to define the financial difference between the state and the center . The Finance Commission Act of 1951 states the terms of Qualification , appointment and disqualification , the term , eligibility and the power of the finance commission . As per the constitution , the commission is appointed every five years and consists of a chairman and four other members . Since the constitution of the first finance commission , stack changes have occurred in the Indian Economy causing chages in the macroeconomic scenario . The functions of the Finance Commission are as follows 1. Distribution of the net proceeds of taxes between center and States to be divided as per the respective contribution of the taxes . 2. To determine factors governing Grants in aid to the states . 3. To make recommendations to the President as to the measures needed to augment the consolidated fund of the state to supplement the resources of the panchayats and municipalities in the state on the basis of the recommendations made by the finance commission of the State…show more content…
MAHENDRA SINGH DHONI 2. SACHIN RAMESH TENDULKAR 3. NARENDRA MODI 4. J jayalalithaa 5. Michael Clarke . First of all , I wish to start with our Indian Cricket Team Captain MAHENDRA SINGH DHONI , He is a person of Honesty , patience , Firmness , communication , Hardwork and Humility . Even though He was born in a village , He has excellent communication skills and plays each and every match with firmness and puts 100% effort all the time and his honesty has driven Indian team to the next level and A person who remains calm and cool at any situation , even though if his team is going to lose the match , We can see his leadership qualities in the 2008 IPL finals where he told his boys to be happy even though CSK lost the match in the final ball. 2 . Sachin Ramesh Tendulkar , proudly called as the GOD OF CRICKET by the people of INDIA , because of his HUMILITY on and off the field . We can see his honesty in matches , If he thinks that He has edged the ball , He will walk out straight to the pavillion even though if the umpire says NOT OUT , His leaderships skills were displayed during the IPL where he always motivates his players to perform well and before the 2011 world cup , He spent hours in nets to get trained for the World Cup , shows his hardwork level . 3. Narendra MODI , The present PRIME MINSTER OF INDIA , is a solid example for leadership qualities .

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