Photo: Priyanka Parashar/MintThe constitution of the 15th Finance Commission or rather its terms of reference has kicked off an unusual storm. Last week, former finance minister of Jammu and Kashmir Haseeb Drabu weighed in on the debate, pointing out a refreshingly new insight. Don’t see India as one large economy,” he said, before adding, “India is 30 economies with 30 levels of skill endowments and resource endowments. This reflects our trust in all tiers of governments,” the report of the Finance Commission said. Drabu’s suggestion opens up a new possible line of reasoning for the next Finance Commission headed by N.K.

Source: Mint May 06, 2018 15:22 UTC