A new Finance Commission has been constituted Which of the following facts are NOT true in this cont...........

Economic Affairs Public Finance and Debt Management

A new Finance Commission has been constituted. Which of the following facts are NOT true in this context

Finance Commission is a constitutional body

Finance commissions provide mechanism for outlining principles for transferring resources from the Centre to states.

Recommendations of Finance Commission are not binding on government of India.

It will be 13th such commission and will be headed by former RBI Governor Y.V. Reddy

4th statement is incorrect because 14th Finance Commission has been constituted which will be chaired by Dr. Y. V Reddy.

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