15th Finance Commission to hold meetings with RBI, banks, financial institutions

The 15th Finance Commission will have meetings with the Reserve Bank of India (RBI), banks and financial institutions on May 8 and 9 in Mumbai.

The Commission headed by Chairman N K Singh will include all members and senior officials, according to a statement issued here on Monday.

In the meeting with RBI Governor Shaktikanta Das, the Commission is likely to discuss views on key macro-economic assumptions, cost of borrowings for the Centre and states, requirements for the recapitalisation of banks and RBI's assessment of dividends, and surpluses that can be transferred to the government.

With banks and financial institutions, the issues will include the cost of borrowings for the Centre and states, recapitalisation of banks and their impact on the cost of borrowings for governments.

The Commission will also hold a detailed meeting with eminent economists to discuss various terms of reference for the 15th Finance Commission.