What is a Finance Commission and how is it related to the Indian Constitution?
A Finance Commission, as mentioned in Article 264, is a body constituted under Article 280 of the Indian Constitution. Its primary function is to make recommendations regarding the distribution of financial resources between the Union and the States, including the allocation of shares of taxes, duties, and grants-in-aid to the States. The President considers the recommendations of the Finance Commission while making orders related to the distribution of financial resources.