15th Finance Commission report submitted to Prez

NEW DELHI: The 15th Finance Commission led by its Chairman NK Singh here on Monday submitted its report for fiscal years 2021-22 to 2025-26 to President Ram Nath Kovind. Commission members Ajay Narayan Jha, Anoop Singh, Ashok Lahiri, and Ramesh Chand, along with panel Secretary Arvind Mehta accompanied the Chairman in the meeting with the President. Last year, the Commission had submitted its report consisting of recommendations for 2020-21 fiscal, which was accepted by the Centre and tabled in Parliament on January 30, 2020. As per the terms of reference (ToR), it was mandated to give its recommendations for the five-year period by October 30. The Commission was asked to give its recommendations on many unique and wide-ranging issues. It was also asked to examine and recommend performance incentives for states in areas like power sector, adoption of DBT .