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15th Finance Commission presents its report to Finance Minister

Newdelhi:17/11/20:The Fifteenth Finance Commission today presented a copy of its report to Finance Minister Nirmala Sitharaman. The report titled ‘Finance Commission in COVID Times’ deals with the ratio in which the taxes are to be divided between the Centre and States in the upcoming next five years. The report will be tabled in the Parliament by the Finance Minister along with an Action Taken Report of the government.

The Chairman and Members of the Commission had submitted the report for the period 2021-22 to 2025-26 to Prime Minister Narendra Modi yesterday. Earlier, the Commission had submitted its report to President Ram Nath Kovind on 9th of November of this month.

The report has been finalized after wide-ranging consultations with the Union and State Governments, local governments, Chairmen and Members of previous Finance Commissions, Advisory Council to the Commission and other domain experts, academic institutions of eminence, and multilateral institutions.

This Report has been organized in four volumes. Volume-I and II contain the main report, whereas Volume- III is devoted to the Union Government which examines the medium-term challenges and the roadmap ahead. Volume-IV is entirely devoted to the states.

The Commission has analysed the finances of each state in great depth and has come up with state-specific considerations to address the key challenges that individual states face.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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