Why India needs watch-dog for Fiscal Discipline?

The Chairman of the Fifteenth Finance Commission N K Singh has pitched for a fiscal council to enforce fiscal rules and better manage public debt. Why Fiscal Council? For state government liabilities, Article 293 (3) provides a constitutional check over ..

Month: Current Affairs - April, 2019

Shaktikanta Das newly appointed Governor of Reserve Bank of India (RBI)

Shaktikanta Das, a retired 1980 batch IAS officer of Tamil Nadu cadre, has been appointed as the 25th Governor of the Reserve Bank of India (RBI) for a period of 3 years. He succeeded the post after the sudden resignation ..

15th Finance Commission : Key Terms of Reference

The presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions. Southern states have raised objections over the directive to use population data in the ToR from the 2011 Census and not the 1971 Census that was ..

15th Finance Commission constitutes an Advisory Council to advise and assist Commission

The 15th Finance Commission has constituted an advisory council to advise and assist the commission. The 6-member council will be headed by the President of Forum for Strategic Initiatives, Arvind Virmani. The role and functions of the council will be ..

Ravi Kota appointed as new Joint Secretary of 15th Finance Commission of India

Ravi Kota, the 1993 batch IAS officer of Assam- Meghalaya, has been appointed Joint Secretary of 15th Finance Commission under the Department of Economic Affairs (DEA). Presently, he is posted as Principal Secretary in Government of Assam-Meghalaya. The Finance Commission, ..