Fourteenth Finance Commission Denies Seeking Any Extension of its Term for Submitting its Report

The Fourteenth Finance Commission has noted the news item appearing in some sections of the media regarding seeking extension of its term. The report is entirely baseless and misleading. The Commission is continuously reviewing the progress of its work, including consultations with State Governments and other stakeholders. The Commission is confident that the report will be submitted before October 31, 2014 as stipulated in the Presidential notification of January 2, 2013. The question, therefore, of seeking extension does not arise.