Report of Fifteen Finance Commission

  • The final report of the Fifteenth Finance Commission of India for FY 2021-22 to FY 2025-26 was tabled in the Parliament on 1st February, 2021 alongside the Union Budget 2021-22.
  • The 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh. Its recommendations will cover a period of five years from the year 2021-22 to 2025-26.

Key Recommendations

1.Vertical Devolution (Devolution of Taxes of the Union to States)

  • It has recommended maintaining the vertical devolution at 41% - the same as in its interim report for 2020-21.
  • It is at the same ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy April 2021 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Current Affairs In Focus