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Government Of Assam Finance

Hon’ble Finance Minister Smti. Ajanta Neog being welcomed by Shri Samir Kumar Sinha, Principal Secretary, Finance Department at Janata Bhawan on 12th May 2021.

Finance Commission
Commission overview
Headquarters
New Delhi
Commission executives
N. K. Singh, IAS, (Chairman) Ajay Narayan Jha, IAS, (Member) Prof. Anoop Singh, (Member) Ashok Lahiri, (full time Member) Prof. Ramesh Chand, (part time Member) Arvind Mehta, IAS, (Secretary)
Website
fincomindia.nic.in

The commission’s chairman is Nand Kishore Singh, a senior member of the Bharatiya Janata Party (BJP) since March 2014, with its full-time members being Ajay Narayan Jha, Ashok Lahiri and Anoop Singh. In addition, the commission also has a part-time member in Ramesh Chand.

The First Finance Commission of India was appointed in 1951, for the period 1952-57 by the President of India and was chaired by K. C. Neogy.

Who is the first Finance Minister of independent India? R. K. Shanmukham Chetty was the first Finance Minister of independent India from 15 August 1947 to 17 August 1948. He presented independent India’s first Union Budget on 26 November 1947.

Article 280 of the Indian Constitution provides for the establishment of a Finance Commission as needed. According to the article, the President of India can form a Finance Commission and make recommendations on tax distribution between state and union governments.

2.34 The Twelfth Finance Commission (TFC) was appointed on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and the …

the governor

Under Article 243-I of the Indian Constitution, the governor appoints the State Finance Commission for a five-year term. The governor also appoints the commission’s additional members (a maximum of four).

The Finance Commission is appointed by the President under Article 280 of the Constitution.

Jeet Marwadi

Founders and Board of Directors of 1 Finance

Jeet Marwadi, Co-Founder & Managing Director, is a founder of 1 company.

The Second Finance Commission of India was constituted by president Rajendra Prasad on 1 June 1956.

The Third Finance Commission of India was appointed in 1960, for the period 1960–64, by the President of India and was chaired by Shri A.K. Chanda.

Ajanta Neog (born 1964) is an Indian politician who is currently the Finance and Social Welfare Minister in the Government of Assam. She is the first woman Finance Minister of Assam. She has been representing the Golaghat Assembly seat consecutively for the past five terms since 2001.

Late Bishnu Ram Medhi

After Independence, the first budget was presented by Late Bishnu Ram Medhi, the then Finance Minister of Assam on 11th March, 1948.

After India’s independence, Amrit Kaur became part of Jawaharlal Nehru’s first Cabinet; she was the first woman to hold Cabinet rank, serving for ten years. In January 1949, she was appointed a Dame of the Order of Saint John (DStJ). She was assigned the Ministry of Health.

Article 324: Superintendence, direction and control of elections to be vested in an Election Commission. Article 325: No person to be ineligible for inclusion in, or to claim to be included in a special electoral roll on ground of religion, race, caste or sex.

(1) The official language of the Union shall be Hindi in Devanagari script. The form of numerals to be used for the official purposes of the Union shall be the international form of Indian numerals.

Article-243 A. Gram Sabha. – A Gram Sabha may exercise such powers and perform such functions at the village level as the Legislature of a State may, by law, provide. Article-243B. Constitution of Panchayats.

The Fifth Finance Commission of India was constituted by the President of India, Dr. Zakir Hussain, on 15 March 1968. The commission was chaired by Mahavir Tyagi.

Article 281, Constitution of India 1950

The President shall cause every recommendation made by the Finance Commission under the provisions of this Constitution together with an explanatory memorandum as to the action taken thereon to be laid before each House of Parliament.

Justice Rituraj Awasthi

The 22nd law panel was constituted for a period of three years on February 21, 2020 and its chairperson, Justice Rituraj Awasthi (retd), assumed office on November 9, 2022

Governor of a state constitutes (Under Article 243-I) a finance commission every five years which recommends the governor about the principles that govern the distribution of taxes, fees, tolls, and duties (collected by the state government) between the state and its PRIs at three levels.