Page 8 - 15th Finance Commission

No bias against states in finance commission's terms of reference: Jaitley

The FM's statement comes on a day when the finance ministers of Kerala, Karnataka, Andhra Pradesh and Puducherry met in Thiruvananthapuram and spoke out against the terms of reference

A minefield of issues

The Terms of Reference of the 15th Finance Commission might undermine positive momentum towards 'cooperative federalism'

Does Finance Commission ToR hurt interest of South India: DMK fears allayed

One of the ToR refers to shifting of population census to 2011 from 1971 for the purpose of devolution

15th Finance Commission will need to define 'populism', says chairman

The 15th Finance Commission has been asked to submit its report by the end of October 2019

Fiscal consolidation: Panel invites suggestions from stakeholders by June

The views have to be sent by June 30, 2018

15th Finance Commission: A challenge and an opportunity

The tax buoyancies have been affected by the transition to the goods and services tax (GST) and the GST compensation to states will continue till 2022

New Finance Commission may penalise states for bad show in schemes

The Commission says incentives for states will be decided, among others, by "control or lack of it in incurring expenditure on populist measures"

Former Planning Commission member N K Singh to head 15th Finance Commission

The 15th Finance Commission will be the first such panel to use the 2011 population census

Former Planning Commission member N K Singh to lead 15th Finance Commission

Other members of Finance Commission are Shaktikanta Das, Anoop Singh, Ashok Lahiri and Ramesh Chand

Agenda for 15th Finance Commission

The 15th FC will be formed in the context of a massive change in the indirect tax structure brought about by the arrival of the GST

Finance panel may be asked to suggest ways to deal with states' farm crises

New Delhi, 17 JulyThe 15th Finance Commission (FFC) might be asked to suggest ways of providing more fiscal space and resources for states to deal with agricultural crises. The terms of reference and composition of the Commission are being decided and could be finalised by October.Business Standard has learnt the FFC could be told to study the impact of drought and price crashes due to oversupply on farmers and agricultural income. And, suggest how states could deal with such issues without breaking their fiscal limits.There have been large-scale protests by farmers around the country. Five states have announced farm loan waivers (Uttar Pradesh, Punjab, Karnataka, Telangana and Maharashtra), totalling around Rs 2 lakh crore. This has prompted concerns about their fiscal health, already stretched due to issuance of bonds under the scheme to restructure power distribution companies, termed UDAY.Finance Minister Arun Jaitley has maintained that the central government will not ...

N K Singh could head 15th Finance Commission, say sources

New Delhi, 11 JulyFormer revenue and expenditure secretary N K Singh, also an ex-Rajya Sabha member, is being considered for the position of chairman of the 15th Finance Commission, it is learnt.While Singh's isn't the only name being discussed (outgoing home secretary Rajiv Mehrishi is also said to be), his record as a senior bureaucrat, technocratic credentials, and knowledge of central and state finances places him a strong position, two sources have said.Now a Bharatiya Janata Party member, Singh was a Rajya Sabha member in 2008-14. He was also Officer on Special Duty in the prime minister's office under Atal Behari Vajpayee, beside being a member of the erstwhile Planning Commission.Singh was most recently the chairman of the committee to review the Fiscal Responsibility and Budget Management law and its working. Its proposed law to replace this, on a fiscal road map till FY23, might be introduced in Parliament during the winter session."These are still early discussions, as the .