The tasks for the 15th Finance Commission
Strengthen cooperative federalism, improve the quality of public spending and help protect fiscal stability
The 15th Finance Commission led by N.K. Singh held its first meeting this week. The tasks before it are unique in the sense that it has to make its recommendations after the rules of fiscal federalism have been profoundly reset by the introduction of the goods and services tax (GST). This is the first finance commission that will do its work under the new tax system.