Fifteenth Finance Commission
Fifteenth Finance Commission
The Government of
India has constituted the Fifteenth Finance Commission under the Chairmanship
of Shri N. K. Singh. The composition, Terms of Reference including revenue
sharing, and Date of Submission of Report etc. has been notified vide Gazette
of India, Extraordinary Part II-Section 3, Sub-section (ii) bearing S. O.
3755(E) dated 27th November, 2017. The Commission has so far
conducted ten internal meetings.
Report of the Fourteenth Finance Commission was laid in the Parliament on 24th
February 2015 along with Explanatory Memorandum as to action taken on the
recommendations of the Commission. All the recommendations of 14th Finance
Commission under Articles 270 and 275(1) of the Constitution of India relating
to share in Union Taxes and duties and Grants-in-aid were implemented from the
Financial Year 2015-16.
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