Constitute Fifteenth Finance Commission

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..... , namely:- 3[1. Shri Ajay Narayan Jha, Finance Secretary, Government of India - Member] 2. Dr. Anoop Singh, Adjunct Professor, Georgetown University Member 2[3. Dr. Ashok Lahiri Former Chief Economic Adviser, Ministry of Finance and Former Chairman (Non-executive, part time) Bandhan Bank - Member] 4. Dr. Ramesh Chand, Member, NITI Aayog Member (Part time) 2. Shri Arvind Mehta shall be the Secretary to the Commission. 3. The Chairman and the other members of the Commission shall hold office from the date on which they respectively assume office up to the date of submission of Report or 4[the 30th day of November, 2019], whichever is earlier. 4. The Commission shall make recommendations as to the following matters, .....

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..... the Commission shall have regard, among other considerations, to: (i) The resources of the Central Government and the State Governments for the five years commencing on 1st April 2020 on the basis of the levels of tax and the non-tax revenues likely to be reached by 2024-25. In the context of both tax and non-tax revenues, the Commission will also take into consideration their potential and fiscal capacity; (ii) The demand on the resources of the Central Government particularly on account of defence, internal security, infrastructure, railways, climate change, commitments towards administration of UTs without legislature, and other committed expenditure and liabilities; (iii) The demand on the resources of the State Governments, parti .....

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..... of such expenditure in generating future income streams; (v) Progress made in increasing tax/non-tax revenues, promoting savings by adoption of Direct Benefit Transfers and Public Finance Management System, promoting digital economy and removing layers between the government and the beneficiaries; (vi) Progress made in promoting ease of doing business by effecting related policy and regulatory changes and promoting labour intensive growth; (vii) Provision of grants in aid to local bodies for basic services, including quality human resources, and implementation of performance grant system in improving delivery of services; (viii) Control or lack of it in incurring expenditure on populist measures; and (ix) Progress made in sanitati .....

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