The Centre on Monday announced that the Fifteenth Finance Commission would be headed by former Secretary to the government of India N.K. Singh.
The panel, which is to make its recommendations for the five years beginning April 1, 2020, will include Shaktikanta Das, former Economic Affairs Secretary and Anoop Singh, adjunct professor at Georgetown University. “Dr. Ashok Lahiri, Chairman (non-executive, part time), Bandhan Bank and Dr. Ramesh Chand, Member, NITI Aayog shall be the part time members of the Commission,” the government said in a statement. “Arvind Mehta shall be the Secretary to the Commission.” The panel is tasked with looking into tax collections and how they are to be divided between the Centre and the States, the principles that should govern the grants in aid to the States and to review the levels of fiscal deficit, among other issues.