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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.
What else can I help you with?
Who is the head of the finance commission?
Yaga Venugopal Reddy set to head 14th Finance Commission; Parthasarathy Shome, R Gopalan too in panelvarun & sunilJaipur Golden Hospital
Who is the Chairman of the Twelfth Finance Commission?
Dr. C Rangarajan
Who was the chairman of first finance commission?
k.c.neogi in 1953
Who constitutes the finance commission after every five years?
president
What is period of 13 th finance commission?
period 2012-17
Is planning commission constitutional body?
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.
Does finance commission work under planning 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).
Is union public service commission a statutory body?
no
Is finance commission of India an extraconstitutional body?
no, it is a constitutional body
Who is the presently chairman of finance commission?
Vijay Kelkar is the chairman of 13th finance commission the current finance commission is 13th
When was The Sixth Finance Commission created?
The Sixth Finance Commission was created in 1973.
When was The Eighth Finance Commission created?
The Eighth Finance Commission was created in 1984.
When was The Seventh Finance Commission created?
The Seventh Finance Commission was created in 1978.
When was The Fifth Finance Commission created?
The Fifth Finance Commission was created in 1968.
When was The Tenth Finance Commission created?
The Tenth Finance Commission was created in 1995.
Is SEBI a statutory body or non statutory body?
Statutory Body
What is venkataswami commission related to?
finance commission
