| Finance Commission Chairman List : Finance Commission Chairman is one of the most important topics of Static GK. Questions related to Finance Commission Chairman are usually asked in most of the government exams like SSC, SBI, IBPS, RBI, LIC, RRB, AAI, DRDO, ISRO, NTR, FSSAI, CWC, LIC, SSC CGL, etc. Usually 1 question from Finance Commission Chairman is asked in government exams. Static GK is a very important topic of General Knowledge. You have to go through all these topics of our online Static GK book followed with proper revision. Most of the aspirants are always looking for GK Questions which are based on Static GK because they know these GK Questions have very good weightage in several government exams. We are providing Finance Commission Chairman in GK Question Answer Form. We are providing GK Questions in Hindi and GK Question Answer in English. You can easily switch from GK Question Answer in English to GK Questions in Hindi by simply changing the language from menu options, provided above the post. |
Finance Commission Chairman List :
Important Facts regarding Finance Commission
- Finance Commission came into existence in 1951.
- It was established under Article 280 of the Indian Constitution by the President of India.
- It was formed to define the financial relations between the centre and the state.
- As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members.
- Till date, Fourteen Finance Commissions have submitted their reports.
- Finance commission is antonomous body which is governed by the government of india.
14th Finance Commission ( 2015 – 2020 )
1. The 14th Finance Commission was established in 2013 and is headed by Former Governor of the Reserve Bank of India, Mr. Y.V. Reddy, is the Chairman.
2. Major Recommendations of 14th Finance Commission include
- Fiscal deficit to be reduced to 3% of the GDP by 2017–18.
- A target of 62% of GDP for the combined debt of centre and states.
- The share of states in the net proceeds of the shareable Central taxes should be 42%. This is 10 percentage points higher than the recommendation of 13th Finance Commission.
- Revenue deficit to be progressively reduced and eliminated.
Here is a list of List of Finance Commissions and their Chairmen/Heads which will help you in exams like UPSC, BPSC,SSC MTS,SSC CHSL, SSC CGL,Railways and other Banking Exams like IBPS, RBI, SBI Clerk etc.
| S.No | Finance Commission | Year of Establishment | Chairman | Operational Duration |
| 1. | First | 1951 | K. C. Neogy | 1952–57 |
| 2. | Second | 1956 | K. Santhanam | 1957–62 |
| 3. | Third | 1960 | A. K. Chanda | 1962–66 |
| 4. | Fourth | 1964 | P. V. Rajamannar | 1966–69 |
| 5. | Fifth | 1968 | Mahaveer Tyagi | 1969–74 |
| 6. | Sixth | 1972 | J. M. Shelat | 1974–79 |
| 7. | Seventh | 1977 | K. Brahmananda Reddy | 1979–84 |
| 8. | Eighth | 1983 | J. M. Shelat | 1984–89 |
| 9. | Ninth | 1987 | Y. B. Chavan | 1989–95 |
| 10. | Tenth | 1992 | N. K. P. Salve | 1995–2000 |
| 11. | Eleventh | 1998 | A. M. Khusro | 2000–2005 |
| 12. | Twelfth | 2002 | C. Rangarajan | 2005–2010 |
| 13. | Thirteenth | 2007 | Dr. Vijay L. Kelkar | 2010–2015 |
| 14. | Fourteenth | 2013 | Dr. Y. V Reddy | 2015–2020 |
15. 15th Finance Commission-N K Singh (1 April 2020 to 31 March 2025)
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