Indian Finance Commissions

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Abstract

Evaluating peiformance; of ten Finance Commissions appointed since Independence, the author takes a critical look at their composition (i.e., background of chairmen and members), and methodology of working adopted by them. In order to rectify deficiencies of their methOdology and to secure the desired results, he suggests adoption of a new methodology for future Finance Commission covering federal financial transfers to states on the basis of a realistic· assessme~t of the needs of states.