 "N K Singh, chairman of the 15th Finance Commission")
The Fifteenth Finance Commission (15th FC), in its report for 2020-21, is believed to have reduced the devolution to states from the existing 42 per cent of the divisible tax pool, giving the revenue-strapped Centre some breathing space.
However, the Commission has increased the tied funds, such as grants related to revenue deficit and disaster relief, and is bringing back performance-based incentives, Business Standard has learnt.
Any reduction in devolution could aggravate the strained relations between the Centre and some opposition-ruled states on a number of issues, including the Citize-nship Amendment Act.
The 15th FC, headed by NK Singh, submitted its first report
