Article 280 Current Affairs - 2020

Fifteenth Finance Commission meets to discuss Health Sector and Fiscal Consolidation

On May 21, 2020, the Fifteenth Finance Commission met to discuss health sector and fiscal consolidation in the country. Highlights A high-level group was constituted by the Finance Commission on health sector. The group had submitted its report August 2019. Some of its recommendations were incorporated in the first report of the Finance Commission for Read More…

15th Finance Commission to monitor COVID-19 before second report

On March 19, 2020, the Finance Commission announced that it will monitor situation of COVID-19 before releasing its second report. Highlights The Commission is to set up a committee to review fiscal consolidation of the government. The commission has recommended grants for health sector under its report. It has recommended setting up of State Disaster Read More…

Cabinet approves extension of term of 15th Finance Commission

Union Cabinet chaired by Prime Minister Narendra Modi has approved extension of term of 15th Finance Commission (XV-FC) up to 30 November 2019. This will enable FC to examine various comparable estimates for financial projections in view of reforms as well as new realities to finalise its recommendations for period 2020-2025. The government has also Read More…

Chief Economic Advisor Krishnamurthy Subramanian appointed as Advisory Council Member in 15th Finance Commission

The Chief Economic Advisor (CEA) to Central government, Dr. Krishnamurthy Subramanian is appointed as twelfth (12) member of Advisory Council of Fifteenth (15th) Finance Commission (FCc). Advisory Council It now has 12 members, which include noted economists Surjit Bhalla, Arvind Virmani, Indira Rajaraman and M Govinda Rao among others. Role and Function: To is to Read More…