In a departure from convention, the Union Cabinet late on Tuesday approved the terms of reference for the Sixteenth Finance Commission (SFC) without revealing the names of its chairman and members.
Announcing the decision on Wednesday in a press briefing, Information and Broadcasting Minister Anurag Singh Thakur said the chairman and members will be appointed "as soon as possible" as the commission has to finish its report in two years.
The SFC has to submit its report by October 31, 2025, covering a period of five years that will come into effect on April 1, 2026. The recommendations of the Fifteenth Finance Commission (FFC), chaired by N K Singh, are valid till March 31, 2025.
Diese Geschichte stammt aus der November 30, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der November 30, 2023-Ausgabe von Business Standard.
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