Chandigarh Finance Commission

The Chandigarh Finance Commission is one among the different finance commissions operating in the different states and union territories of India. The purpose of setting up of such finance commissions is to review the status of the financial operations under taken by the authorities of the state and to state recommendations for further development of the same. The Finance Commission is set up under the Article 243 (I) of the Indian Constitution, which orders that the Lieutenant Governor of the Union Territory would, at the end of every fifth year establish a Finance Commission.

Chandigarh Finance Commission-At a glance:

The Chandigarh Finance Commission is the Finance committee of the Union Territory of Chandigarh. The main purpose of this committee is to review the financial policies pertaining to the Union Territory. The Finance commission reviews the financial status of the Union Territory. The Finance Commission is set up under the Article 243 (I) of the Indian Constitution, which orders that the Lieutenant Governor of the Union Territory would, within the commencement of the 73rd Amendment of the Constitution Act, 1992, at the end of every fifth year establish a Finance Commission for the purpose of reviewing.


Chandigarh-Facts:

• Chandigarh is one of the most planned cities in India
• It serves as the capital of both Punjab and Haryana
• The city was designed by the famous Swiss architect, Le Corbusier
• Chandigarh consists of two other satellite cites Panchkula and Mohali

Chandigarh Finance Commission-Aims:

The aims of the Chandigarh Finance Commission include certain measures for the betterment of the committee. This includes-

• Determining the duties, tolls, taxes, and fees, which are to be imposed on the Union Territory
• The financial assistance to the Union Territory in form of Consolidated Fund
• The allocation of the total proceeds from the taxes, tolls, duties, and fees imposed by the union territory, which is to be divided between the Union Territory
• Determining the financial roles of the Union Territory pertaining to development
• The allocation of the total yield pertaining to taxes, tolls, duties, and fees imposed by the Union Territory

Chandigarh Finance Commission-Steps for development:

• All recommendations by the Lieutenant Governor should be made together with an explanatory memorandum, which is to be presented before the governing body of the Union Territory


• The Finance Commission of Chandigarh constituted under Article 243 (I) of the Indian Constitution would attain to all matters referred by the municipalities as per the Article 243 (Y) of the Constitution


• The provide advancement of the financial performance of the Panchayats, which would help in the development of the rural sector


• To attain to matters mentioned by the Lieutenant Governor to the Chandigarh Finance Commission for proper financial operations of the union territory

For further information on State Finance Commissions, please refer to the following sites