The official added that it isn't immediately clear if the 15th Finance Commission will be given additional terms of reference or more time to adjust
To minimise risks, the president may consider seeking response from states and the Centre on the 15th Finance Commission's suggestions
The Commission will not consider their memorandums
Commission chairman N K Singh gave approval to the issuance of the notification for the constitution of the committee on Monday, an official release of Punjab government said.
Kerala would receive less than 2% of the share if it is assumed that the 2011 population census is used with the same criteria as the 14th finance commission
No changes in terms of reference in spite of opposition by states
The 15th Finance Commission may ignore some ToRs not mandated by the Constitution in its final devolution formula
The meeting with the president was a culmination of weeks of deliberations between the finance ministers of non-Bharatiya Janata Party states since April
Sources said that issues like the terms of reference, implications and broad approach likely to be followed by the commission were taken up at length during the hour-long meeting
The six non-BJP ruled states wanted the reference to be 1971 census
The Finance Ministers of Kerala, West Bengal, Puducherry, Punjab and Delhi, besides Andhra Pradesh, will be part of the delegation
Officials who were part of the meeting said that the meeting was held keeping in mind the controversy regarding the ToRs
Kerala, Andhra Pradesh, Karnataka, Delhi, Punjab, Puducherry and West Bengal have drafted a memorandum to President Ram Nath Kovind, seeking the following changes
Sources said the council might be asked to do research and study on terms of reference
Addressing the meeting, Naidu said the 2011 population criteria would adversely affect the flow of funds to performing states
The Finance Ministers conclave would push for the 2011 population weightage to remain at 10%
In 2016, Tamil Nadu's total fertility rate-the number of children a woman will have in a lifetime-was the lowest among India's large states at 1.6
The apprehensions about the terms of reference of the 15th FC on the fairness and equity in the distribution of public resources for development are not unfounded
Southern states allege that the shift will work against the states that have worked towards population control
Union government reportedly mandated the Commission in the ToR to base its decision for tax sharing and devolution of resources on the 2011 census as against the practice of using 1971 census