15th Finance Commission: Current Affairs, GK & News - 2020-2021

Fifteenth Finance Commission meets to discuss Health Sector and Fiscal Consolidation

Published: May 21, 2020

On May 21, 2020, the Fifteenth Finance Commission met to discuss health sector and fiscal consolidation in the country. Highlights A high-level group was constituted by the Finance Commission on health sector. The group had submitted its report August 2019. Some of its recommendations were incorporated in the first report of the Finance Commission for ..

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GoI releases Rs 6,195 crores of funds to 14 states

Published: May 12, 2020

On May 11, 2020, the Government of India released Rs 6,195 crores to 14 states. This is the second equated monthly installment of Post Devolution Revenue Deficit. Highlights The grant allocated to the states will act as additional source of income to the states. The grant was recommended by the 15th Finance Commission. The Central ..

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Finance Commission: States shall use FRBM clause to fight COVID-19

Published: April 25, 2020

On April 24, 2020, the Finance Commission has advised the state governments to use the clauses of FRBM (Fiscal Responsibility) act in order to raise additional resources to fight against COVID-19. Centre and State FRBM The states have their own FRBM act. The main similarities between the centre and state FRBM is that the limit ..

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15th Finance Commission to monitor COVID-19 before second report

Published: March 20, 2020

On March 19, 2020, the Finance Commission announced that it will monitor situation of COVID-19 before releasing its second report. Highlights The Commission is to set up a committee to review fiscal consolidation of the government. The commission has recommended grants for health sector under its report. It has recommended setting up of State Disaster ..

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Swachh Bharat Mission: Gram Panchayats get more funds under 15th finance commission

Published: March 18, 2020

The GoI approved the implementation of second phase of Swachh Bharat Mission in February 2020. The Mission is to focus two crore projects during its second phase. It includes Open Defecation Free Plus and solid and liquid waste management. During this phase, the primary focus is to be provided on gram panchayats Fund Allocation Every ..

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