Finance
By: Shree1news, 30 OCT 2020The Fifteenth Finance Commission (XVFC), headed by Chairman Shri N K Singh, at present concluded their deliberations on the Report for the yr 2021-2022 to 2025-2026. The Report was signed by Shri N. K. Singh, the Chairman of the XVFC, and, Members of the Commission, Shri. Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand.
The Commission had sought time to current its Report back to the Honourable President of India. It has now been communicated by the Workplace of the President that the Report submission might be on 9th November 2020.
The Commission can even current a duplicate of the Report back to the Honourable Prime Minister later subsequent month.
The Report might be tabled within the Parliament by the Union Finance Minister together with an Motion Taken Report of the Authorities of India. The Report accommodates suggestions pertaining to five monetary years, 2021-22 to 2025-26. The Report of the XVFC for the yr 2020-21, offered to the Honourable President in December 2019, was laid by the Authorities within the Parliament together with an Motion Taken Report.
XV-FC was constituted by the Honourable President of India in pursuance of clause (1) of article 280 of the Structure, learn with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 (33 of 1951) with Shri N.K. Singh as Chairman, Mr. Shri Shaktikanta Das, Dr. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand as Members and Shri Arvind Mehta as Secretary. Subsequent to Shri. Shaktikanta Das demitting his workplace, Shri. Ajay Narayan Jha was appointed as a Member.
The Commission has finalized their Report after wide-ranging consultations with the Union and State Governments, native governments at totally different tiers, Chairmen and Members of earlier Finance Commissions, Advisory Council to the Fee and different area consultants, tutorial establishments of eminence and multi-lateral establishments.
Supply: PIB
