The Fifteenth Finance Commission held its first meeting on Monday, where it held preliminary discussions regarding its terms of reference, and agreed that it would expedite meetings with the government and the various stakeholders in order to meet those terms.
The Fifteenth Finance Commission was constituted on November 27, 2017 with N.K. Singh as its Chairman.
“The Commission was cognisant that it has been assigned wide-ranging Terms of Reference which needed to be suitably addressed,” the government said in a release. “Towards this objective, it was felt that wide-ranging consultations with all stake holders including various Ministries of the Union government, all State Governments, Local Bodies, Panchayats and Political parties of each State Government needed to be expeditiously initiated.”
The meeting was held under the chairmanship of N.K. Singh and was attended by all the other members, including Shaktikanta Das, Anoop Singh, and part-time members Ashok Lahiri and Ramesh Chand.
“The Commission recognised that there was also need to undertake analytical papers, analysis from leading research organisations within the country and elsewhere to suitably address the Terms of Reference,” the release added.
“The Commission was keen to seek academic inputs and inter-actions with leading think tanks and domain knowledge experts which would assist the Commission in its work.”