The 15th Finance Commission’s (FC’s) final report, which will cover the period between 2021 and 2026, was released along with the Union Budget. The FC has stuck to the existing devolution formula providing for transfer of 41% of the divisible pool of central taxes to states. The FC’s chairman NK Singh explains the rationale and thinking behind the recommendations and the institution’s legacy of trust to Sidhartha.

The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts.

The government has set up a high-level panel chaired by former revenue and expenditure secretary and member of parliament NK Singh to review the Fiscal Responsibility and Budget Management (FRBM) Act and examine the need to have flexible fiscal deficit targets instead of fixed ones. 

In a chat with ET Now, N K Singh, Member, BJP, talks about the chances of the GST Bill's passage in the Rajya Sabha.

India’s drive to build a new economy and forge genuine cooperative federalism is being overseen by five men in key positions. We profile India’s new reform brigade