Page-2 of 15th Finance Commission Current Affairs, GK & News

Fifteenth Finance Commission Report: Key Highlights

The Fifteenth Finance Commission headed by N K Singh is to submit its report the President of India. Key Recommendations The recommendations made by the commission are as follows The Commission has recommended that the states shall get 41% of central tax revenues. Earlier, the fourteenth Finance Commission had recommended 42%. 4.3 lakh crores for ..

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GoI releases first instalment of Rs 2,200 crores to 15 states to improve Air Quality measures

On November 2, 2020, the Government of India released Rs 2,200 crores to 15 states to improve Air Quality Measures. The air quality improvement measures are to be executed in more than million plus cities. Highlights The amount was released based on the recommendations of the Fifteenth Finance Commission. The fund will help states undertake ..

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GoI to increase public health care expenditure from 1.15% to 2.5% by 2025

On September 27, 2020, the Union Health Minister Dr Harsh Vardhan announced that Government of India is to increase the health care expenditure in the country by 2.5% of GDP by 2025. Currently, the government is spending 1.15% of GDP to fulfil health care needs. Highlights The increase is being done based on the recommendation ..

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15th Finance Commission’s High-Level Group on Agricultural Exports submits report

The High-Level Group on Agricultural Exports set up by the 15th Finance Commission has finally submitted its report to the Commission. Why was it set up? The group was set up to recommend measurable performance incentives for states to encourage agriculture exports and to promote crops to enable high import substitution. After intensive research and ..

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First Installment of Highest Ever Rs 60,750 Crore Grant to RLBs Released

For the Financial Year (FY) 2020-21, the Fifteenth Finance Commission had earlier submitted its report for the Rural Local Bodies (RLB), the recommendations in the report were accepted by the Government. Based on it, the highest ever grants in a single year was allocated to the RLBs for the FY 2020-21 of Rs 60,750 Crore. ..

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