Functions of Finance Commission.

With effect from such date as the President may, by notification, specify the Finance Commission constituted under section 186 of the Andaman and Nicobar, Islands (Panchayats) Regulation, 1994 shall also be the Finance Commission for the Union territory of Daman and Diu and shall make recommendations to the Administrator as to—

1. (a) the principles which should govern,—
   • (i) the determination of the taxes, duties, tolls and fees which may be assigned to or appropriated by the Council;
   • (ii) the Grants-in-aid to the Council
2. (b) the measures needed to improve the financial positions of the Council;
3. (c) any other matter referred to the Finance Commission by the Administrator in the interests of sound finance of the Council.