14th Finance Commission not to get extension

Will submit report before scheduled date, says finance ministry

The 14th Finance Commission is confident of submitting its report by scheduled date before October 31 this year.

Stating this, the finance ministry said in a statement, "The question, therefore, of seeking extension does not arise."

The statement came in response to a news report that the term of the commission will be extended.

The commission is headed by former RBI governor Y V Reddy and was appointed on January 2, 2013.