15th Finance Panel Needs to Reconcile Data

  • Amid concerns over data credibility, the 15th finance commission decided to reconcile all publicly available data in order to arrive at the best conclusion.
  • The Commission will be reconciling data that it gets from various sources like the CAG, the RBI, data from Finance ministry, etc.

Finance Commission

  • It is a Constitutional body prescribed under Article280, which is constituted every five years by the President to deal with the transfer of central revenues (tax) to the states and its allocation among them (states) and other matters assigned to it.

15th Finance Commission

  • Constituted on November 27, 2017 under former Revenue SecretaryN.K. Singh, it is ....

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