Govt. extends 15th Finance Commission's Term

Published on July 18, 2019
Current context: The government in its cabinet meeting, has extended the term of 15th Finance Commission by a month to address proper allocation of funds
Govt. extends 15th Finance Commission's Term
  • The 15th Finance Commission is extended to address “Serious Concerns” related to the allocation of adequate and non-lapsable funds for internal security and defence of India
  • The changes in the Terms of Reference (ToR) is proposed for making the assured allocation of resources for internal security and defence imperatives
  • The cabinet approved the extension up to 30th November 2019

About 15th Finance Commission:

  • The Finance Commission was set up in 1951 under Article 280 of the Constitution
  • 15th FC was founded on 27th November 2017
  • The 15th FC is headed by N K Singh (former Revenue Secretary and former Rajya Sabha MP) and full-time members include Ajay Narayan Jha, Ashok Lahiri, and Anoop Singh
  • Concerned Departments: Department of Economic Affairs, Ministry of Finance
  • The recommendations of the commission are for 5 years- from 1st April 2020 to 2025
  • The commission is mandated to use 2011 census instead of 1971 census for resource allocation
  • The FC was to submit its report by 30th October 2019

Question: 

Q.1 The 15th Finance Commission is using which census for resource allocation of funds?
a. 1971
b. 2001
c. 2011
d. 1991

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