The 5th meeting of the Economic Advisory Council (EAC) of the 15th Finance Commission was held in New Delhi. In the meeting, possible macro assumptions related to real growth, inflation, ongoing structural reforms, tax revenue including GST, adherence to Fiscal Responsibility and Budget Management Act and fiscal transparency were discussed. Further, the Advisory Council was informed about the submission of the 2020-21 report and Commission’s next course of actions pertaining to the preparation of the report for 2021-26 period.
Static/Current Takeaways Important For IBPS SO 2019:
- Chairman 15th Finance Commission: NK Singh.
Source: The News on AIR