Eighth Finance Commission
The Eighth Finance Commission of India was constituted by the President of India, on 28 April 1984 under the chairmanship of Shri Y.B. Chavan. Members. The commission consisted of the following members: Terms of Reference. The Commission was asked to make recommendations on The commission is to examine the possibility for increasing revenue from the taxes and duties mentioned in Article 269 of the constitution but which are not levied at present. It will probe into the scope for enhancing revenue from the duties mentioned in the Article 268. Making an assessment of the non plan capital  gap of the states on a uniform and comparable basis for the 5 years ending with 1988-89 also comes under its agenda. It will review the policy and arrangement in regards to the financing of relief expenditure by the States affected by natural calamities and make appropriate suggestions. The commission shall make its report by 31 October 1986 on each of the matters aforesaid. The major objective of the Eighth Finance Commission was to reduce interstate disparities through their scheme of devolution.