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First Finance Commission Of India
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. Members * Shri K. C. Neogy, Chairman * Shri V. P. Menon * Shri Justice R. Kaushalendra Rao * Dr. B. K. Madan * Shri M.V. Rangachari MV may refer to: Businesses and organizations In transportation * Motor vessel, a motorized ship; used as a prefix for ship names * MV Agusta, a motorcycle manufacturer based in Cascina Costa, Italy * Armenian International Airways (IATA code M ... Member-Secretary * Shri V. L. Mehta V. P. Menon resigned on 18 February 1952 and was replaced by V. L. Mehta. Terms of Reference The commission was asked to make recommendations regarding: # Allocations of income tax and Union Excise Duties and tax sharing. # Amounts payable as Grants- in-Aid to the States in need of Assistance under the ‘substantive portion of Clause 1 of Article 275’. # Grants-in-Aid to certain States in lieu of their share of export ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of India
The president of India ( IAST: ) is the head of state of the Republic of India. The president is the nominal head of the executive, the first citizen of the country, as well as the commander-in-chief of the Indian Armed Forces. Droupadi Murmu is the 15th and current president, having taken office from 25 July 2022. The office of president was created when India officially became a republic on 26 January 1950 after gaining independence on 15th August 1947, when its constitution came into force. The president is indirectly elected by an electoral college comprising both houses of the Parliament of India and the legislative assemblies of each of India's states and territories, who themselves are all directly elected by the citizens. Article 53 of the Constitution of India states that the president can exercise their powers directly or by subordinate authority (with few exceptions), though all of the executive powers vested in the president are, in practice, exercised by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1951 Establishments In India
Events January * January 4 – Korean War: Third Battle of Seoul – Chinese and North Korean forces capture Seoul for the second time (having lost the Second Battle of Seoul in September 1950). * January 9 – The Government of the United Kingdom announces abandonment of the Tanganyika groundnut scheme for the cultivation of peanuts in the Tanganyika Territory, with the writing off of £36.5M debt. * January 15 – In a court in West Germany, Ilse Koch, The "Witch of Buchenwald", wife of the commandant of the Buchenwald concentration camp, is sentenced to life imprisonment. * January 20 – Winter of Terror: Avalanches in the Alps kill 240 and bury 45,000 for a time, in Switzerland, Austria and Italy. * January 21 – Mount Lamington in Papua New Guinea erupts catastrophically, killing nearly 3,000 people and causing great devastation in Oro Province. * January 25 – Dutch author Anne de Vries releases the first volume of his children's novel ''Journey Through the Night'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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