One of the key issues that the 15th Finance Commission will need to deal with is how to incentivise the states to stick to fiscal discipline. Illustration: Jayachandran/MintThe 15th Finance Commission led by N.K. One of the key issues that the 15th Finance Commission will need to deal with is how to incentivise the states to stick to fiscal discipline. Even the 14th Finance Commission had been explicitly asked to use the 1971 population numbers while deciding the devolution formula. What will be the key challenges for the 15th Finance Commission?

Source: Mint December 05, 2017 21:56 UTC