Friday, October 19, 2012

14th Finance Commission: Union Cabinet nod for setting up panel

NEW DELHI: The Union Cabinet on Thursday gave its nod to setting up of the 14th Finance Commission and also finalised its terms of reference. Former RBI Governor Y V Reddy is tipped to be the chairman of the Finance Commission, a Constitutional body. The Commission, set up after every five years, decides the formula for sharing of central revenue between states and centre...........

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