TNPSC Thervupettagam

Extension to 15th Finance Commission

July 18 , 2019 1986 days 842 0
  • Union Cabinet chaired by Prime Minister Narendra Modi has approved extension of term of 15th Finance Commission (FC) up to 30 November 2019.
  • The government has also broadened the ambit of FC’s recommendation to include funds for defence and internal security.
  • Extension is given due to various fiscal and budgetary reforms introduced between 2014-19.
About
  • The 15th Finance Commission was constituted by Presidential Order on November 2017 under the Chairmanship of  K. Singh.
  • It will decide formula for devolution of revenue/funds between Centre and States, for a 5-year period between April 2020 to March 2025.

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