(c) Vijay Kelkar was the Chairman of Finance Commission. The First Finance Commission was established by President of India in 1951 under Article 280 of the Indian Constitution. It was formed to define the financial relations between the central government of India and individual state government. The Finance Commission of India is constituted in November 2017 under the chairmanship of N.K. Singh with its full-time members, Shaktikanta Dasand Anoop Singh.