What powers does Parliament have in conferring on the Finance Commission in performing its functions?
According to the context provided, the powers that Parliament has in conferring on the Finance Commission in performing its functions are not explicitly mentioned. The text only states that Parliament "may by law" determine the qualifications required for appointment as members of the Commission and the manner in which they shall be selected (in subsection 2). It also indicates that Parliament may confer certain powers on the Commission in their performance, but these specifics aren't detailed within this context.