 "15th Finance Commission")
The union cabinet on Wednesday extended to the term of the Fifteenth Finance Commission by a year, asking it to submit an interim report for fiscal year 2020-21 and a full report for fiscal years 2021-22 to 2025-26—a decision apparently taken to factor in Jammu and Kashmir’s new status.
“The extension of the term will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalize its recommendations for the period 2020-2026,” said a government press release.
The cabinet decision means the Commission will recommend its award to six fiscal
