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<h1>India Establishes Fifteenth Finance Commission to Advise on Fiscal Policies for 2020 Onward, Led by Former MP.</h1> The Government of India has established the Fifteenth Finance Commission, effective from November 27, 2017, with the President's approval. The Commission, led by a former Member of Parliament, will provide recommendations for the period starting April 1, 2020. It includes former government secretaries and academic professionals as members, with a designated secretary. The Commission's terms of reference have been officially notified.