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Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India?
- a)Public Accounts Committee
- b)Union Ministry of Finance
- c)Finance Commission
- d)Inter-State Council
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which authority recommends the principles gov erring the grantsin-aid ...
Understanding Grants-in-Aid in India
The distribution of financial resources between the central and state governments in India is a critical aspect of fiscal federalism. One of the key bodies involved in this process is the Finance Commission.
Role of the Finance Commission
- The Finance Commission is a constitutional body established under Article 280 of the Indian Constitution.
- It is responsible for recommending the principles governing the distribution of financial resources between the central government and the states.
- This includes the allocation of grants-in-aid from the Consolidated Fund of India to the states.
Functions of the Finance Commission
- Assessment of Revenue Needs: The Finance Commission assesses the revenue needs of the states and determines the appropriate amount of grants-in-aid required for their development and welfare.
- Equity and Justice: It aims to promote equity and justice in the distribution of financial resources, ensuring that states with lesser financial capabilities receive adequate support.
- Recommendations: The recommendations made by the Finance Commission are binding on the central government, ensuring that states receive the necessary financial assistance to meet their obligations.
Why Other Options Are Not Correct
- Public Accounts Committee: This committee primarily examines the accounts of the government but does not recommend principles for grants-in-aid.
- Union Ministry of Finance: While it plays a crucial role in budget formulation, it does not specifically recommend the principles for grants-in-aid to states.
- Inter-State Council: This council is more focused on coordinating issues between states and the center, rather than the financial distribution of resources.
In conclusion, the Finance Commission is the authoritative body that recommends the principles governing grants-in-aid from the Consolidated Fund of India to the states, ensuring a balanced fiscal framework.
The distribution of financial resources between the central and state governments in India is a critical aspect of fiscal federalism. One of the key bodies involved in this process is the Finance Commission.
Role of the Finance Commission
- The Finance Commission is a constitutional body established under Article 280 of the Indian Constitution.
- It is responsible for recommending the principles governing the distribution of financial resources between the central government and the states.
- This includes the allocation of grants-in-aid from the Consolidated Fund of India to the states.
Functions of the Finance Commission
- Assessment of Revenue Needs: The Finance Commission assesses the revenue needs of the states and determines the appropriate amount of grants-in-aid required for their development and welfare.
- Equity and Justice: It aims to promote equity and justice in the distribution of financial resources, ensuring that states with lesser financial capabilities receive adequate support.
- Recommendations: The recommendations made by the Finance Commission are binding on the central government, ensuring that states receive the necessary financial assistance to meet their obligations.
Why Other Options Are Not Correct
- Public Accounts Committee: This committee primarily examines the accounts of the government but does not recommend principles for grants-in-aid.
- Union Ministry of Finance: While it plays a crucial role in budget formulation, it does not specifically recommend the principles for grants-in-aid to states.
- Inter-State Council: This council is more focused on coordinating issues between states and the center, rather than the financial distribution of resources.
In conclusion, the Finance Commission is the authoritative body that recommends the principles governing grants-in-aid from the Consolidated Fund of India to the states, ensuring a balanced fiscal framework.
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Which authority recommends the principles gov erring the grantsin-aid ...
The Finance Commission makes recommendations to the President regarding the principles governing the grants-in-aid of the revenues of 'the States out of the Consolidated Fund of India and with regard to article 275- the sums to bep aid to the States which are in need of assistance by way of grants-in-aid of their revenues for purposes other than those specified in the provisos to clause (1) of that article.
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Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer?.
Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? a)Public Accounts Committee b)Union Ministry of Finance c)Finance Commission d)Inter-State CouncilCorrect answer is option 'C'. Can you explain this answer?.
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