Finance Commission constituted to recommend tax devolution, state grants and a fiscal consolidation roadmap for Union and States. Constitution of the Finance Commission under Article 280 to recommend allocation of net tax proceeds between the Union and States, principles and sums for grants in aid from the Consolidated Fund of India, and measures to augment State Consolidated Funds for local bodies. The Commission will review Union and State fiscal positions and propose a fiscal consolidation roadmap, consider resource demands and GST impacts, may propose performance based incentives for States, review disaster financing, and must provide state wise estimates and the basis for its findings in a five year report.