Northeast India’s Only English and Hindi Satellite News Channel

15th Finance Commission submits report for 2021-26 to Finance Minister Nirmala Sitharaman

First Published: 17th November, 2020 16:10 IST

The Fifteenth Finance Commission, led by Chairman NK Singh, submitted its report for the period 2021-22 to 2025-26 to the Finance Minister Nirmala Sitharaman, an official statement said here on

The Fifteenth Finance Commission, led by Chairman NK Singh, submitted its report for the period 2021-22 to 2025-26 to the Finance Minister Nirmala Sitharaman, an official statement said here on Tuesday.

Members of the Commission, Ajay Narayan Jha, Prof Anoop Singh, Dr Ashok Lahiri and Dr Ramesh Chand along with Secretary to the Commission, Arvind Mehta accompanied the Chairman to submit the report, titled “Finance Commission in Covid Times”, to the Finance Minister.

“Chairman NK Singh and members of the 15th Finance Commission presented a copy of the Commission’s report for the period 2021-22 to 2025-26 to Finance Minister Nirmala Sitharam today,” the Finance Ministry tweeted.

The Commission was mandated to give its recommendation for five years, from 2021-22 to 2025-26, by October 30, 2020.

The recommendations revolved around unique and wide-ranging issues such as vertical and horizontal tax devolution, local government grants and disaster management grant. The Commission was also asked to examine and recommend performance incentives for states in many areas like power sector, adoption of direct benefit standard and solid waste management.

The report has been organised in four volumes, out of which Volume 1 and 2, contain the main report and the accompanying annexes.

Volume 3 is devoted to the Union Government and examines key departments in greater depth, with the medium-term challenges and the roadmap ahead, while the Volume 4 is entirely devoted to the states, including finances of each state in great depth and state-specific considerations to address the key challenges that individual states face.

The Commission had submitted its report to Prime Minister Narendra Modi on Monday while it was presented to the President of India, Ram Nath Kovind on November 4. (ANI)

COMMENTS

WE RECOMMEND

Banner
“Always been glorious right-wing personality”: Kangana Ranaut opens up on donning a hat of politician

Kangana Ranaut on Wednesday opened about her new role as the Bharatiya Janata Party (BJP) candidate from Himachal Pradesh's Mandi for the upcoming Lok Sabha elections

28th March 2024
Banner
About 80,000 leaders, workers from different parties join BJP ahead of Lok Sabha elections

According to party sources, this committee has successfully brought in approximately 80,000 leaders and workers from different parties across the country into the BJP

28th March 2024
Banner
No interim relief to Kejriwal on plea challenging arrest, BJP hits out at AAP leader

The plea stated that the petitioner has been "illegally and arbitrarily arrested" by ED in the evening of March 21.

28th March 2024
Banner
Indigo plane grazes past Air India Express plane, narrow escape for passengers in Kolkata

The Directorate General of Civil Aviation (DGCA) has off-rostered both the IndiGo A320 VT-ISS pilots and ordered a detailed probe

27th March 2024
Banner
Bigg Boss winner Munawar Faruqui among 14 detained in raid on Mumbai hookah bar

According to Mumbai Police, a case was registered against Faruqi and 13 more people. Faruqui was later let off after the case was lodged.

27th March 2024