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3rd
January, 2003
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| Ministry
of Finance & Company Affairs |
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DR. RANGARAJAN ASSUMES CHARGE AS CHAIRMAN, 12TH FINANCE COMMISSION
Dr. C. Rangarajan, who demitted
the office of Governor of Andhra Pradesh this morning, assumed
the charge of Chairman, Twelfth Finance Commission later in the
day. The Commission, which has been set up under Article 280 of
the Constitution of India is required to submit its recommendations
regarding devolution of funds between the Central and the State
Governments by 31st July, 2004.
Its recommendations
will be effective from the financial year 2005-06 onwards.
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