<h1>Finance Commission Discusses GDP Growth, Tax Buoyancy, and Fiscal Strategies for 2021-26 with Economic Advisory Council.</h1> The Fifteenth Finance Commission held an online meeting with its Economic Advisory Council and special invitees to discuss challenges related to GDP growth, tax buoyancy, GST compensation, and fiscal consolidation. The meeting, chaired by the Commission's Chairman, addressed public expenditure on health, investment revival, financial system recapitalization, and defense capabilities. The Advisory Council highlighted the unprecedented uncertainties and suggested a nuanced approach to tax devolution, expenditures, and fiscal consolidation. They advised unconventional thinking for the 2021-26 period, with a focus on managing government debt and revenue-expenditure imbalances. The Commission emphasized the importance of monitoring both global and domestic developments.