Fifteenth Finance Commission to hand in report on Nov. 9 - The Hindu -01/11/2020
The Fifteenth Finance Commission has finalised its report for fund devolution from the Centre to States for the five years from 2021-22 to 2025-26.
Fifteenth Finance Commission:
Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments.
The Finance Commission is constituted by the President under article 280 of the Constitution.
The Fifteenth Finance Commission was constituted in November 2017, by a Presidential Order against the backdrop of:
The abolition of the Planning Commission.
Abolition of the distinction between Plan and non-Plan expenditure.
Introduction of the Goods and Services Tax (GST).
It is chaired by N.K. Singh.