Article 243-I of the Indian Constitution pertains to the State Finance Commission. It mandates the establishment of a commission every five years. This commission reviews the financial position of local bodies. It recommends the distribution of funds between the state and local governments. The article aims to enhance fiscal decentralisation. It ensures local self-governments receive adequate financial resources for development.
The Fifteenth Finance Commission has brought into light the importance of State Finance Commissions (SFCs) in India. As of November 2023, all states, except Arunachal Pradesh, have established...
