15th Finance Commission to be set up by the Cabinet

The Union cabinet on Wednesday approved the setting up of the 15th Finance Commission, which will decide on the distribution of tax proceeds among Centre, States. and local bodies in the post-goods and services tax (GST) era.

A finance commission is set up in every 5 years. The government allocated Rs10 crore in the 2017-18 budget to the 15th Finance Commission.

Source: Livemint

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