{"id":171693,"date":"2017-11-28T11:04:43","date_gmt":"2017-11-28T05:34:43","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=171693"},"modified":"2017-11-28T11:04:43","modified_gmt":"2017-11-28T05:34:43","slug":"constitution-fifteenth-finance-commission-notified","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/11\/28\/constitution-fifteenth-finance-commission-notified\/","title":{"rendered":"Constitution of Fifteenth Finance Commission notified"},"content":{"rendered":"

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of Article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017. The Commission will make recommendations for the five years commencing on April 1, 2020.<\/p>\n

This Commission will be headed by Shri. N.K.Singh, former Member of Parliament and former Secretary to the Government of India. Shri Shaktikanta Das, former Secretary to the Government of India and Dr. Anoop Singh, Adjunct Professor, Georgetown University shall be the members of the Commission.\u00a0 Dr. Ashok Lahiri, Chairman (Non-executive, part time), Bandhan Bank and Dr. Ramesh Chand, Member, NITI Aayog shall be the Part time members of the Commission. Shri Arvind Mehta shall be the Secretary to the Commission.<\/p>\n

The Terms of Reference of the Commission has been issued vide notification Number S.O.3755(E). dated 27th November, 2017.<\/p>\n

 <\/p>\n

MINISTRY OF FINANCE (Department of Economic Affairs)<\/strong><\/p>\n

NOTIFICATION<\/strong><\/p>\n

New Delhi, the 27th November, 2017<\/p>\n

S.O. 3755(E).\u2014T<\/strong>he following order made by the President is to be published for general information:<\/p>\n

ORDER<\/strong><\/p>\n

In pursuance of clause (1) of Article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 (33 of 1951), the President is pleased to constitute a Finance Commission consisting of Shri N.K. Singh, Member of Parliament and former Secretary to the Government of India, as the Chairman and the following four other members, namely:\u2014<\/p>\n\n\n\n\n\n\n
1.<\/td>\nShri Shaktikanta Das,<\/p>\n

Former Secretary to the Government of India<\/td>\n

Member<\/td>\n<\/tr>\n
2.<\/td>\nDr. Anoop Singh,<\/p>\n

Adjunct Professor,\u00a0 Georgetown University<\/td>\n

Member<\/td>\n<\/tr>\n
3.<\/td>\nDr. Ashok Lahiri,
\nChairman (Non-executive, part time), Bandhan Bank<\/td>\n		Member (Part time)<\/td>\n<\/tr>\n
4.<\/td>\nDr. Ramesh Chand, Member, NITI Aayog<\/td>\nMember (Part time)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

2. Shri Arvind Mehta shall be the Secretary to the Commission.<\/p>\n

3. The Chairman and the other members of the Commission shall hold office from the date on which they respectively assume office up to the date of submission of Report or 30th day of October, 2019, whichever is earlier.<\/p>\n

4. The Commission shall make recommendations as to the following matters, namely:\u2014<\/p>\n

(i) The distribution between the Union and the States of the net proceeds of taxes which are to be, or may be, divided between them under Chapter I, Part XII of the Constitution and the allocation between the States of the respective shares of such proceeds;<\/p>\n

(ii) The principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India and the sums to be paid to the States by way of grants-in-aid of their revenues under Article 275 of the Constitution for purposes other than those specified in the provisos to clause (1) of that article; and<\/p>\n

(iii) The measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities in the State on the basis of the recommendations made by the Finance Commission of the State.<\/p>\n

5. The Commission shall review the current status of the finance, deficit, 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.<\/p>\n

6. While making its recommendations, the Commission shall have regard, among other considerations, to:<\/p>\n

(i) The resources of the Central Government and the State Governments for the five years commencing on PtApril 2020 on the basis of the levels of tax and the non-tax revenues likely to be reached by 2024-25. In the context of both tax and non-tax revenues, the Commission will also take into consideration their potential and fiscal capacity;<\/p>\n

(ii) The demand on the resources of the Central Government particularly on account of defence, internal security, infrastructure, railways, climate change, commitments towards administration of UTs without legislature, and other committed expenditure and liabilities;<\/p>\n

(iii) The demand on the resources of the State Governments, particularly on account of financing socio\u00adeconomic development and critical infrastructure, assets maintenance expenditure, balanced regional development and impact of the debt and liabilities of their public utilities;<\/p>\n

(iv) The impact on the fiscal situation of the Union Government of substantially enhanced tax devolution to States following recommendations of the 14th Finance Commission, coupled with the continuing imperative of the national development programme including New India \u2013 2022;<\/p>\n

(v) The impact of the GST, including payment of compensation for possible loss of revenues for 5 years, and abolition of a number of cesses, earmarking thereof for compensation and other structural reforms programme, on the finances of Centre and States; and<\/p>\n

(vi) The conditions that GoI may impose on the States while providing consent under Article 293(3) of the Constitution.<\/p>\n

7. The Commission may consider proposing measurable performance-based incentives for States, at the appropriate level of government, in following areas:<\/p>\n

(i) Efforts made by the States in expansion and deepening of tax net under GST;<\/p>\n

(ii) Efforts and Progress made in moving towards replacement rate of population growth ;<\/p>\n

(iii) Achievements in implementation of flagship schemes of Government of India, disaster resilient infrastructure, sustainable development goals, and quality of expenditure;<\/p>\n

(iv) Progress made in increasing capital expenditure, eliminating losses of power sector, and improving the
\nquality of such expenditure in generating future income streams;<\/p>\n

(v) Progress made in increasing tax\/non-tax revenues, promoting savings by adoption of Direct Benefit Transfers and Public Finance Management System, promoting digital economy and removing layers between the government and the beneficiaries;<\/p>\n

(vi) Progress made in promoting ease of doing business by effecting related policy and regulatory changes
\nand promoting labour intensive growth;<\/p>\n

(vii) Provision of grants in aid to local bodies for basic services, including quality human resources, and
\nimplementation of performance grant system in improving delivery of services;<\/p>\n

(viii) Control or lack of it in incurring expenditure on populist measures; and<\/p>\n

(ix) Progress made in sanitation, solid waste management and bringing in behavioural change to end open
\ndefecation.<\/p>\n

8. The Commission shall use the population data of 2011 while making its recommendations.<\/p>\n

9. The Commission may review the present arrangements on financing Disaster Management initiatives, with reference to the funds constituted under the Disaster Management Act, 2005 (53 of 2005), and make appropriate recommendations thereon.<\/p>\n

10. The Commission shall indicate the basis on which it has arrived at its findings and make available the State wise estimates of receipts and expenditure.<\/p>\n

11. The Commission shall make its report available by 30th October, 2019, covering a period of five years commencing 1st April, 2020.<\/p>\n

New Delhi<\/p>\n

Dated the 27th November, 2017<\/p>\n

Sd\/-
\nRAM NATH KOVIND
\nPresident of India<\/p>\n

[No. 10(1)-B(S)\/2016]<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of Article <\/p>\n","protected":false},"author":91,"featured_media":40821,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-171693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nConstitution of Fifteenth Finance Commission notified | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/11\/28\/constitution-fifteenth-finance-commission-notified\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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Finance Commission invites suggestions from public, institutions for higher inclusive growth","author":"Saba","date":"February 26, 2018","format":false,"excerpt":"The Fifteenth Finance Commission has invited suggestions\/views on issues related to the terms of reference from the members of the general public, institutions and organizations. The Commission shall review the current status of the finance, deficit, debt levels, cash balances and fiscal discipline efforts of the Union and the States,\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/finance-commision-of-india.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/finance-commision-of-india.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/finance-commision-of-india.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/finance-commision-of-india.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/finance-commision-of-india.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":211087,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/28\/ajay-narayan-jha-appointed-as-member-of-the-finance-commission\/","url_meta":{"origin":171693,"position":1},"title":"MoF | Ajay Narayan Jha appointed as Member of the Finance Commission","author":"Bhumika Indulia","date":"February 28, 2019","format":false,"excerpt":"S.O. 1040(E)\u2014The following Order made by the President to be published for general information:- ORDER Whereas, the Fifteenth Finance Commission has been constituted by the President by an order of the Government of India, in the Ministry of Finance (Department of Economic Affairs) published in the Gazette of India, Extraordinary,\u2026","rel":"","context":"In "Appointments & Transfers"","block_context":{"text":"Appointments & Transfers","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/appointments\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166334,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/10\/31\/law-commissions-272nd-report-assessment-statutory-frameworks-tribunals-india\/","url_meta":{"origin":171693,"position":2},"title":"Law Commission’s 272nd Report on Assessment of Statutory Frameworks of Tribunals in India","author":"Saba","date":"October 31, 2017","format":false,"excerpt":"The Law Commission submitted its 272nd Report on 'Assessment of Statutory Frameworks of Tribunals in India' after the Supreme Court in Gujrat Urja Vikas Nigam Ltd. v. Essar Power Ltd., (2016) 9 SCC 103 had asked it to consider changes required to be made with respect to statutory framework constituting\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Law-Commission-of-India.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Law-Commission-of-India.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Law-Commission-of-India.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Law-Commission-of-India.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Law-Commission-of-India.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":368021,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/28\/law-commission-celebrates-76th-constitution-day-inaugurates-social-media-handles\/","url_meta":{"origin":171693,"position":3},"title":"Law Commission celebrates 76th Constitution Day; inaugurates its social media handles","author":"Sonali Ahuja","date":"November 28, 2025","format":false,"excerpt":"\u201cA civilisational legacy built upon tolerance, protected by sovereignty, guided by equality and held together by fraternity, ensures justice as also human dignity.\u201d","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"Law Commission celebrates Constitution Day","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Law-Commission-celebrates-Constitution-Day.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Law-Commission-celebrates-Constitution-Day.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Law-Commission-celebrates-Constitution-Day.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Law-Commission-celebrates-Constitution-Day.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":161124,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/10\/03\/commission-appointed-to-examine-sub-categorization-of-other-backward-classes\/","url_meta":{"origin":171693,"position":4},"title":"Commission appointed to examine Sub-Categorization of Other Backward Classes","author":"Saba","date":"October 3, 2017","format":false,"excerpt":"The President on 02.10.2017, in exercise of the powers conferred by Article 340 of the Constitution appointed a Commission to examine the sub-categorisation of Other Backward Classes. This decision, taken on the birth anniversary of Mahatma Gandhi, reinforces, in the spirit of his teachings, the Government's efforts to achieve greater\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":328451,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/08\/10\/nalsar-conference-on-artificial-intelligence\/","url_meta":{"origin":171693,"position":5},"title":"NALSAR | Conference on Artificial Intelligence","author":"Bhumika Indulia","date":"August 10, 2024","format":false,"excerpt":"Introduction: NALSAR University of Law (NALSAR) and Law Commission of India (LCI), are organizing a One Day Conference on August 10th, 2024 at NALSAR on Artificial Intelligence (AI) Law and Justice in India. This Conference is organized in light of rapid developments in AI and Law and, adoption of AI\u2026","rel":"","context":"In "Conference\/Seminars\/Lectures"","block_context":{"text":"Conference\/Seminars\/Lectures","link":"https:\/\/www.scconline.com\/blog\/post\/category\/lawschoolnews\/conference_seminars_lectures\/"},"img":{"alt_text":"Conference on Artificial Intelligence","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Conference-on-Artificial-Intelligence.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Conference-on-Artificial-Intelligence.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Conference-on-Artificial-Intelligence.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/Conference-on-Artificial-Intelligence.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/171693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=171693"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/171693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/40821"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=171693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=171693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=171693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}