There is no proposal or reason to change the ToRs, says Finance Ministry

Sources said that issues like the terms of reference, implications and broad approach likely to be followed by the commission were taken up at length during the hour-long meeting

The chairman and members of the 15th Finance Commission on Friday met Vice-President M Venkaiah Naidu and told him that the terms of reference (ToRs) given to the commission was “only a broad guidance” and could be amended.

However, the finance ministry said that there is no proposal or reason to change the ToRs.

The Vice-President, in his capacity as chairman of the Rajya Sabha, which is the Council of States, held an hour-long meeting with the chairman and members of the finance panel.

According to sources in the Vice-President’s office, the commission’s chairman NK Singh told Naidu that “The commission was free