What is the role of the Finance Commission in reviewing the financial position of Panchayats?
The Finance Commission reviews the financial position of Panchayats and makes recommendations to the Governor regarding the distribution of proceeds from taxes, duties, tolls, and fees, determination of taxes and duties, grants-in-aid, measures to improve the financial position of Panchayats, and any other matters in the interests of sound finance of the Panchayats.