A prominent administrator, and policymaker, NK Singh has been the chairman of the Fiscal Responsibility and Budget Management Review Committee (FRBM) and has also served as a member of the Rajya Sabha (2008 – 2014), during which time he contributed to several prominent Parliamentary Standing Committees.
N K Singh elected as IEG Society chief thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Fifteenth Finance Commission epw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from epw.in Daily Mail and Mail on Sunday newspapers.
The objective of this paper is to understand the core recommendations of the Fifteenth Finance Commission in the context of Covid-19 pandemic. Given the macroeconomic uncertainties and rising fiscal needs, the commission focused on fiscal stability, equity and enhancement of fiscal space through higher borrowing with a fiscal exit plan for both union and states.
The Fifteenth Finance Commission has trodden carefully in dealing with the controversial terms of reference issued to it in the presidential order. The commission had the challenging task of dividing fiscal resources between the union and the states due to the serious uncertainty posed by the pandemic. In many ways, the recommendations of the commission marks continuity.