What is the role of the Finance Commission in reviewing the financial position of Municipalities?
The Finance Commission constituted under Article 243-I is responsible for reviewing the financial position of Municipalities and making recommendations to the Governor regarding the distribution of net proceeds of taxes, levies, and fees between the State and Municipalities, the determination of taxes and fees assigned to Municipalities, grants-in-aid to the Municipalities, measures to improve their financial position, and any other matters in the interests of sound finance of the Municipalities.