What is NFC award Slideshare?
Table of Contents
The NFC award, National Finance Commission award, is the distribution of financial resources among the provinces of Pakistan by the federal government on annual basis.
Who is chairman of Finance Commission?
N. K. Singh
Finance Commission
| Commission overview | |
|---|---|
| Headquarters | New Delhi |
| Commission executives | N. K. Singh, IAS, (Chairman) Ajay Narayan Jha, IAS, (Member) Prof. Anoop Singh, (Member) Ashok Lahiri, (full time Member) Prof. Ramesh Chand, (part time Member) Arvind Mehta, IAS, (Secretary) |
| Website | fincomindia.nic.in |
Who made 18th Amendment in Pakistan?
The amendment bill was passed by the Senate of Pakistan on April 15, 2010 and it became an act of parliament when President Asif Ali Zardari put his signature on the bill on April 19, 2010.
What is NFC Award Pakistan?
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. As per Constitution, the program awards the designs of financial formulas of economic distribution to provincial and federal government for five consecutive years.
Is Pakistan federal or unitary?
Pakistan is a federal parliamentary republic, powers shared between the Federal government and the provinces. Relations between federation and provinces is defined in Part V(Articles 141-159) of the constitution.
What is Musgrave theory?
Musgrave’s theory broke down governmental economic activity into three parts: the allocation of resources; the distribution of goods and services; and the stabilization of the broader economy.
What is Wagner hypothesis?
Wagner’s hypothesis states that there exists a positive relationship between state activities and public expenditure. Because of some ambiguity in its functional form, different versions of the hypothesis have come up in the existing literature.
Who is NITI Aayog vice chairman?
Dr Rajiv Kumar, Economist Dr Rajiv Kumar is Vice Chairman, NITI Aayog, in the rank and status of a Cabinet Minister. He also serves as the Chancellor of Gokhale Institute of Politics and Economics, Pune.
Why was Planning Commission changed to NITI Aayog?
The Government of India constituted NITI Aayog to replace the Planning Commission, which had been instituted in 1950. This step was taken to better serve the needs and aspirations of the people.
What NFC award means?