The Chairman of the Fifteenth Finance Commission N K Singh has said there is a need for a transparent mechanism to ensure convergence of state, centre fiscal path.<br />''<br />''He was speaking at a conference on fiscal relations across levels of government at New Delhi. <br />''<br />''Mr Singh said there is a need to work further on performance-based devolution of funds to states.<br />''<br />''<br />''<span style="color: #222222;"> He said there is a need to look at the provision of funds for the urban development centres. Mr Singh said a regulatory regime is needed for a faster pace of urbanisation as a lot needs to be done about the pace and quality of urbanisation. </span><br />