No.. finance comission is a constitutional body and not a statutory body.
A statutory body is formed by an act of parliament and can be removed by majority voting while for a constitutional body, it is mentioned in the constitution of India and can't be removed by majority voting.
Yaga Venugopal Reddy set to head 14th Finance Commission; Parthasarathy Shome, R Gopalan too in panelvarun & sunilJaipur Golden Hospital
Dr. C Rangarajan
president
k.c.neogi in 1953
period 2012-17
Planning Commission is a non-Constitutional (not created by the Constitution) and non-statutory(not created by an Act of Parliament) body. It was created in 1950 by Govt. Of India by an executive resolution. Finance Commission, which does a similar work, is a Constitutional body. The appointment of Planning Commission has overshadowed the work and importance of Finance Commission.
Since there is no Central Planning Commission or Finance Commission in the US I assume you ask this question in reference to India. The answer in the Indian context is No. The Finance Commission is a constitutional body while the Planning Commission is not statutory and merely an advisory body. While some of their functions overlap, by and large the Finance Commission focuses on non-plan revenues (administrative costs of government etc) and expenditure while the Planning Commission focuses on plan expenditure (social schemes and infrastructure).
no
no, it is a constitutional body
Vijay Kelkar is the chairman of 13th finance commission the current finance commission is 13th
The Sixth Finance Commission was created in 1973.
The Eighth Finance Commission was created in 1984.
The Seventh Finance Commission was created in 1978.
The Fifth Finance Commission was created in 1968.
The Tenth Finance Commission was created in 1995.
Statutory Body
finance commission