APPSC GROUP 1 ECONOMY | Which Resources are transferring from Central to State Government

APPSC GROUP 1 ECONOMY | Which Resources are transferring from Central to State Government
#APEconomy #Resource #CentralGovttoStateGovt

Article 280 of the Indian Constitution requires the composition of the Finance Commission in every five years. The 14th Finance Commission of India is constituted in the chairmanship of the former RBI governor Mr. Y.V. top five tools adopted for inter-governmental resource transfer. The tools are: Tax Sharing, Loans, Supplementary Levies, Grants-in-Aid, and Inter-Government Financial Institutions.

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