TMI BlogConstitute Fifteenth Finance CommissionX X X X Extracts X X X X X X X X Extracts X X X X ..... hairman and the following four other members, 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 ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... debt levels, cash balances and fiscal discipline efforts of the Union and the States, and recommend a fiscal consolidation roadmap for sound fiscal management, taking into account the responsibility of the Central Government and State Governments to adhere to appropriate levels of general and consolidated government debt and deficit levels, while fostering higher inclusive growth in the country, guided by the principles of equity, efficiency and transparency. The Commission may also examine whether revenue deficit grants be provided at all. 6. While making its recommendations, the Commission shall have regard, among other considerations, to: (i) The resources of the Central Government and the State Governments for the five years comme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consider proposing measurable performance-based incentives for States, at the appropriate level of government, in following areas: (i) Efforts made by the States in expansion and deepening of tax net under GST; (ii) Efforts and Progress made in moving towards replacement rate of population growth ; (iii) Achievements in implementation of flagship schemes of Government of India, disaster resilient infrastructure, sustainable development goals, and quality of expenditure; (iv) Progress made in increasing capital expenditure, eliminating losses of power sector, and improving the quality of such expenditure in generating future income streams; (v) Progress made in increasing tax/non-tax revenues, promoting savings by adoption of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , covering a period of five years commencing 1st April, 2020. Sd/- RAM NATH KOVIND President of India New Delhi Dated the 27th November, 2017 [No. 10(1)-B(S)/2016] PRASHANT GOYAL, Jt. Secy. (Budget) ******************** Notes:- 1. Corrigendum As Corrected Vide S.O. 3802(E) Dated 04-10-2017, before it was read as, Member of Parliament 2. Substituted vide NOTIFICATION No. S.O. 1964(E) 17-05-2018 before it was read as 3. Dr. Ashok Lahiri, Chairman (Non-executive, part time) Bandhan Bank Member (Part time) 3. Substituted vide NOTIFICATION No. S.O. 1040(E) dated 27-02-2019 before it ..... X X X X Extracts X X X X X X X X Extracts X X X X
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