The Finance Commission (Miscellaneous Provisions) Act, 1951

The Finance Commission (Miscellaneous Provisions) Act, 1951 is an Indian law that amends the Finance Commission Act, 1951, which established a constitutional body, the Finance Commission of India, to recommend the distribution of financial resources between the Union and the States. The 1951 act gave the President of India the power to modify the recommendations of the Finance Commission under certain circumstances. The amendments made by this act allow for the modification of the recommendations of the Finance Commission on the basis of specified criteria, including population, area, income, and tax revenue. The act also sets out provisions for the consultation of the Governor of a State and the Parliament before the President can make any modifications. Additionally, the act provides for the allocation of grants-in-aid to states for specific purposes, and for the establishment of a National Advisory Council to advise the Finance Commission on matters related to financial devolution.