January 4, 2019 1:42 PM

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FM Arun Jaitley says 15th Finance Commission asked to submit its report & make it available by 30th October 2019

Finance minister Arun Jaitley today said the Fifteenth Finance Commission has been asked to submit its report and make it available by 30th October of this year. Replying to Supplementary during Question Hour, Mr Jaitley said Terms of Reference (ToRs) of fifteenth finance commission state the Commission shall use the population data of 2011 while making its recommendations.<br />''<br />''<br />'' The minister said ToR also indicated that Commission may consider proposing measurable performance-based incentives for states, in efforts and progress made in moving towards replacement rate of population growth. <br />''<br />''<br />''<span style="color: #222222;">Mr Jaitley said the 15th Finance Commission will be free to use these terms for deciding appropriate weights to be assigned for determination of the share of taxes to the states and also come up with specific performance-based incentive scheme.</span><br />

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