Finance Commission submits report to President

15th Finance Commission Chairman NK Singh. (File)

The 15th Finance Commission (FFC) on Monday submitted its report — which defines the devolution of Central tax revenues to states and different fiscal issues — for the 5 yr interval from 2021-22 to 2025-26 to President Ram Nath Kovind. Titled ‘Finance Commission in Covid Times’, the report was submitted by the Commission Chairman NK Singh together with Members Ajay Narayan Jha, Ashok Lahiri and Ramesh Chand and Prof. Anoop Singh.

The report seeks to handle a complete vary of points together with switch of funds to native our bodies, catastrophe administration grant and efficiency incentives to states, problems with defence expenditure.

It will probably be made public area as soon as it’s tabled within the Parliament by the Centre together with explanatory memorandum/motion taken report on the suggestions contained within the report.

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