The 16th Finance Commission, a constitutional body that makes suggestions on Centre-state financial relations, is expected to be constituted by the Indian government by the end of November. The commission is responsible for recommending the ratio in which tax is to be divided between the Centre and states for five years starting April 1, 2026.
Sunday 20 August 2023
16th Finance Commission expected to be set up by end of November, says Finance Secy Somanathan
The 16th Finance Commission, a constitutional body that makes suggestions on Centre-state financial relations, is expected to be constituted by the Indian government by the end of November. The commission is responsible for recommending the ratio in which tax is to be divided between the Centre and states for five years starting April 1, 2026.
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