Is SLPP playing games to delay and abort the Tripartite Cross-Party dialogue ? – Cocorioko cocorioko.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cocorioko.net Daily Mail and Mail on Sunday newspapers.
The Union Cabinet discussed terms of reference for the 16th Finance Commission, but is yet to finalize the chairperson and members. The decisions are expected to be announced tomorrow. The 16th Finance Commission s five-year term is expected from 2026-27. | Latest News India
The Finance Commission is a constitutional body that determines the method and formula for distributing tax proceeds among the Centre and states. It suggests distribution of taxes and grants and works based on the terms of reference set by the finance ministry for a five-year period, after being approved by the centre.