The Fourth Finance Commission in India was officially established on May 18, 1964, with Dr. P. V. Rajamannar appointed as its chairman. This significant commission played a pivotal role in shaping India’s fiscal policies during its tenure. Led by Dr. Rajamannar, the commission undertook comprehensive assessments of various financial aspects, aiming to provide recommendations for the equitable distribution of resources among states.
During its term, the Fourth Finance Commission focused on scrutinizing the fiscal arrangements between the central government and the states, aiming to ensure fairness and efficiency in resource allocation. Dr. P. V. Rajamannar, as the chairman, led the commission’s efforts in analyzing the intricate financial frameworks, considering the diverse needs and challenges faced by different states across India. The commission’s findings and recommendations had far-reaching implications, influencing the fiscal landscape of the country for years to come.
In conclusion, the Fourth Finance Commission of India was established on May 18, 1964, with Dr. P. V. Rajamannar serving as its chairman. Throughout its tenure, the commission diligently examined fiscal arrangements to promote equitable distribution of resources among states. Its efforts under Dr. Rajamannar’s leadership significantly contributed to shaping India’s fiscal policies.
(Response: The Fourth Finance Commission in India was established on May 18, 1964.)