The Fifteenth Finance Commission, led by Chairman Sh N K Singh, has presented its comprehensive report for the fiscal years 2021-22 to 2025-26 to the President of India. This report, titled 'Finance Commission in Covid Times', addresses a wide range of recommendations including tax devolution, local government grants, disaster management, and performance incentives for states in areas like power and solid waste management. It also examines potential funding mechanisms for defence and internal security. The report is structured into four volumes, with specific focus on the Union Government and in-depth analysis of individual state finances, and will be made public once tabled in Parliament.
The Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the Honble President of India. Members of the Commission, Shri Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand along with Secretary to the Commission ShriArvind Mehta accompanied the Chairman.
As per the terms of reference (ToR), the Commission was mandated to give its recommendations for five years from 2021-22 to 2025-26 by 30 Octob
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FAQ :
The Fifteenth Finance Commission (XVFC), led by Chairman Sh N K Singh, submitted its report.
The report covers the period from 2021-22 to 2025-26.
The report was submitted to the Hon’ble President of India.
The Commission was asked to recommend on tax devolution, local government grants, disaster management grants, and performance incentives for states in areas like power sector and solid waste management.
The title of the report is 'Finance Commission in Covid Times'.
The report will be available in the public domain once it is tabled in the Parliament by the Union Government.