Kelkar to head 13th Finance Commission
The government has constituted the 13 Finance Commission, which would look into sharing of taxes between Union and the States, under the chairmanship of former Finance Secretary Vijay Kelkar.
By PTI |
NEW DELHI: The government on Wednesday constituted the 13 Finance Commission, which would look into sharing of taxes between Union and the States, under the chairmanship of former Finance Secretary Vijay Kelkar.
The other members of the Commission, which is expected to submit its report by October 2009, are Emeritus Professor, National Institute of Public Finance and Policy, Indira Rajaraman, National Council of Applied Economic Research Chief Economist Abusaleh Shariff, former Rajiv Gandhi University Vice-Chancellor Atul Sarma, an official release said.
Besides, Planning Commission member B K Chaturvedi will be the part-time member while Sumit Bose will be the Secretary to the Commission.
The recommendations of the 13th Finance Commission will cover the period of five years from April 1, 2010 to March 31 2015.
The Commission will also review the financial position of the Union and the States and suggest measures for maintaining a stable and sustainable fiscal environment consistent with equitable growth.
In addition to this, it will take stock of the present arrangements as regards financing of disaster management with reference to the National Calamity Contingency Fund and the Calamity Relief Fund and the funds envisaged in the Disaster Management Act, 2005.
It will also take into consideration the likely impact of the proposed implementation of Goods and Services Act (GST) with effect from April 1, 2010, including its impact on foreign trade.
The other members of the Commission, which is expected to submit its report by October 2009, are Emeritus Professor, National Institute of Public Finance and Policy, Indira Rajaraman, National Council of Applied Economic Research Chief Economist Abusaleh Shariff, former Rajiv Gandhi University Vice-Chancellor Atul Sarma, an official release said.
Besides, Planning Commission member B K Chaturvedi will be the part-time member while Sumit Bose will be the Secretary to the Commission.
The recommendations of the 13th Finance Commission will cover the period of five years from April 1, 2010 to March 31 2015.
The Commission will also review the financial position of the Union and the States and suggest measures for maintaining a stable and sustainable fiscal environment consistent with equitable growth.
In addition to this, it will take stock of the present arrangements as regards financing of disaster management with reference to the National Calamity Contingency Fund and the Calamity Relief Fund and the funds envisaged in the Disaster Management Act, 2005.
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It will also take into consideration the likely impact of the proposed implementation of Goods and Services Act (GST) with effect from April 1, 2010, including its impact on foreign trade.
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