The Terms of Reference of the Finance Commission require it to recommend grants-in-aid to the States. These grants include:
- Revenue deficit grants,
- Grants to local bodies, and
- Disaster management grants.
Further Reading:
| IAS QUESTIONS Related Links | |
| Justice Party | Article 39 |
| First King Of India | Who Abolished Slavery In France |
| Article 61 | Founder Of ISRO |
| Article 263 | MGNREGS Full Form |
| Lokpal Bill | Anti Partition Movement |
