15th Finance Commission terms have been framed with great sense of responsibility keeping the balance in mind, Arun Jaitley told Lok Sabha, answering questions put by Congress’s Shashi Tharoor. Photo: PTINew Delhi: Finance minister Arun Jaitley on Friday defended the terms of reference of the 15th Finance Commission and said the body headed by N.K. So these 15th Finance Commission terms have been framed with great sense of responsibility keeping the balance in mind,” Jaitley told the Lok Sabha, answering questions put by Congress member from Kerala, Shashi Tharoor. ALSO READ | Why 15th Finance Commission should provide states greater resources, autonomyJaitley said the 14th Finance Commission had the mandate to use only 1971 population data, but took into account data of both 1971 and 2011, assigning 17.5% and 10% weights respectively. ALSO READ | The southern alliance and the 15th Finance Commission“The 14th Finance Commission did a balancing act.

Source: Mint January 04, 2019 20:03 UTC