The 15th Finance Commission, which the government notified on November 27, 2017, will have to first contend with the slowdown in the Indian economy. There is an upward trend in the fiscal deficits of states. The inter-governmental transfer system has become overly complex with different sharing arrangements for different taxes;[Read More…]
Tag: 15th Finance Commission
15th Finance Commission holds first meeting, to seek inputs from all stakeholders
The 15th Finance Commission on Monday decided to expeditiously hold wide-ranging consultations with all stakeholders on national, state and grassroots levels to “suitably address” the wide-ranging terms of reference it has been assigned. It also recognised the need to undertake analytical papers, analysis from leading research organisations and seek academic[Read More…]
NK Singh heads 15th Finance Commission, Shaktikanta Das a member
The 15th Finance Commission to recommend on the sharing of revenue between the Centre and states for a five-year period was constituted by the government on Monday, according to an official statement. The Union Cabinet had, last week, approved the constitution of the 15th Finance Commission, whose recommendations have to[Read More…]
Cabinet nods setting up of 15th Finance Commission
The Union Cabinet on Wednesday approved the constitution of the 15th Finance Commission, whose recommendations have to be in place by April 1, 2020, and also decided to finalise the next Commission’s terms of reference, Finance Minister Arun Jaitley said. The appointment of a new Finance Commission (FC), to recommend[Read More…]