Union Govt. constitutes 15th Finance Commission under the chairmanship of NK Singh

Former bureaucrat and ex-Member of Parliament NK Singh will chair the 15th Finance Commission which will make recommendations for the five years commencing 1st April 2020. The commission will recommend devolution of shareable central taxes to the States, also review several important aspects of federal fiscal finance. Shaktikanta Das (Former Secretary Economic Affairs) & Dr. Anoop Singh (Adjunct Professor of Georgetown University) will be the members of the Commission .The measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities in the State on the basis of the recommendations made by the Finance Commission of the State. The Commission will make its report available by 30th October 2019.