Towards the end of their deliberations, the Chairman Shri N.K Singh and Members of the 15^th Finance Commission today held a virtual meeting with the Chairmen of previous Finance Commissions, Dr C. Rangarajan, Chairman 12^th Finance Commission and Dr. Vijay Kelkar, Chairman 13^th Finance Commission.

 The Chairman Shri N K Singh began the meeting by calling it “A representation of our federal history over the past 20 years and over next five years given the award of the 15^th Finance Commission”.

The Fifteenth Finance Commission (XVFC) is mandated to make their final report for 2021-26 available by 30^th October, 2020. The Commission remains on course to complete their task.

The Chairmen of the previous Finance Commissions appreciated the tough challenge faced by the 15^th Finance Commission, given the background of the Covid-19 pandemic, the resultant loss of economic activity and its impact on fiscal parameters of the general government. The Chairman and Members of the XVFC expressed their gratitude for the insights that they received from the thinking and framework of the previous Finance Commissions and from their deliberations with them. 

Finance Commission mandate: final report process continues, drawing on predecessor insights despite pandemic fiscal challenges. The Fifteenth Finance Commission, operating under its mandate to produce a final report for the 2021-26 award period, remains on course to meet the prescribed deadline and held a virtual consultation with former Finance Commission Chairmen to draw on prior frameworks and institutional insights amid the fiscal challenges posed by the Covid 19 pandemic.