The government announced that former revenue secretary NK Singh will be the chairman of the 15th Finance Commission (FC) that will recommend distribution of taxes between the Centre and the states
Other members of the commission are former department of economic affair secretary Shaktikanta Das, Anoop Singh, professor at Georgetown University, former chief economic advisor Ashok Lahiri, agricultural expert and NITI Aayog member Ramesh Chand. Chand and Lahiri are part time members. The commission has to submit its report by October 30, 2019.
- Finance Commission was established by the President of India in 1951.