Tomorrow, the Cabinet is likely to discuss the constitution of the 14th Finance Commission and the National Automotive Board. The 14th Finance Commission would advise on the devolution of the Centre’s taxes between Centre and states, besides other aspects of the Indian economy, for the 2015-20 period. Former Reserve Bank of India Governor Y V Reddy has emerged as the front runner for the post of the commission’s chairman. Officials said former advisor to the finance minister Parthasarathi Shome and former finance secretary Sushma Nath might also be appointed to the commission. At tomorrow’s meeting, though the Cabinet is expected to clear the terms of reference of the commission, it is unlikely to name the chairman...........
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