Inter-state share in the federal tax pool is decided by the recommendations of the Finance Commission to the President.

This was a discretionary element in the formula which required proper scrutiny of the states situation by the Finance Commission.

The Finance Commission of India came into existence in 1951.

Functions of the Finance Commission can be explicitly stated as:

So far 14 Finance Commissions have been appointed which are as follows:

This is 1.5% higher than the recommendation of 12th Finance Commission.

He was also the Chairman of the Finance Commission until January, 2010.

In 1982 was appointed member of the Government's Finance Commission.

He also remained chairman of the 9th Finance Commission of India (1984-89).

He was also a Member of the Finance Commission.