The report titled 'Finance Commission in Covid Times' was submitted by Singh along with members of the Commission -- Ajay Narayan Jha, Anoop Singh, Ashok Lahiri and Ramesh Chand.
The 15th Finance Commission, headed by N.K Singh, has concluded its deliberations and will submit its final report on November 9 to the President of India.
The 15th Finance Commission is mandated to make their final report for 2021-26 available by October 30, 2020.
The 15th Finance Commission is scheduled to meet its economic advisory panel on Friday
The topic of the meeting is 'Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation'.
According to Chandran, even during 2019-20, the corporation was unable to fully utilise the FC grant.
The countrywide lockdown has stalled economic activity across the board with massive job losses already mounting across sectors.
The State Government had submitted a memorandum to the Commission seeking assistance of Rs 8,24,644 crore for five years beginning from 2020.
The impact of malnutrition on development of the brain, and hence on early education was behind the Centre's demand for additional nutrition grants.
The Cabinet will urge the NDA Govt to increase the state’s share of central taxes from 42 percent to 50 percent.
Bihar CM Nitish Kumar readies to oppose possible changes in 15th Finance Commission’s terms of reference
A day after meeting Prime Minister Narendra Modi in New Delhi, Kumar reportedly directed Bihar’s senior finance department officials to prepare a memorandum.
It accused the BJP-led Union government of trying to utilize the 15th Finance Commission to further centralise financial powers.
Amid stand-off with China, 15th Finance Commission begins national-level consultations with Arunachal Pradesh
The 15th Finance Commission has launched its national-level consultations with Arunachal Pradesh amidst the perception that the exercise will ruffle China’s feathers.
Southern states protest decision, arguing that they will lose revenue as population growth has been faster in the north.
NK Singh, the newly appointed Chairman of the 15th Finance Commission, today said it is imperative for such a panel to examine implications of GST on finance of the Centre and states.