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How is the Finance Commission of India constituted? What do you know about the terms of reference of the recently constituted Finance Commission? Discuss. (250 Words)

  1. Constitution of the Finance Commission of India (30-40 words)
  2. Terms of reference of the 15thFinance Commission (60-70 words)
  3. Controversial terms in the reference (60-70 words)
  4. Conclusion (30 words)
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