Friday, October 4, 2013

14th Finance Commission to visit state from today

A delegation of the 14th Finance Commission (FFC) will arrive Nagaland Friday on a two-day meeting for making recommendations regarding fund requirements of the state for the period 2015- 2020 effective from April 1, 2015. According to a finance department communiqué, the commission members would review state’s finances, deficit and debt levels  keeping in view,  the fiscal consolidation road map recommended by the 13th Finance Commission.  Dr. Yaga Venugopal Reddy is the chairman of the FFC and also a former governor, Reserve Bank of India and was board member of International Monetary Fund (IMF). Dr. Reddy was appointed as the chairman of the commission on January 2, 2013.........

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