15th Finance Commission submitted the report for 2020-21 FY

The Finance Commission submitted its report for the financial year 2020-21. The 15th Finance Commission was constituted by the President of India under Article 280 of the Constitution on November 27, 2017, to make recommendations for a period of five years from April 2020 to March 2025. The Commission had a wide ranging terms of reference contained in the Presidential Notification.

Daily Current Affairs Quiz 2019

Thereafter, the Gazette Notification dated November 27, 2019 mandated the Commission to submit the report for the financial year 2020-21 by November 30, 2019, and thereafter the final report for the period April 2021 to March 2026 by October 30, 2020.