Union Cabinet recently approved the extension of Fifteenth Finance Commission term to which date?
A. 31 December 2019
B. 31 July 2019
C. 30 November 2019
D. 30 September 2019
Answer:C
Union Cabinet recently approved the extension of Fifteenth Finance Commission term to which date?
A. 31 December 2019 B. 31 July 2019 C. 30 November 2019 D. 30 September 2019
Explanation: Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of the term of Fifteenth Finance Commission up to 30th November, 2019. It will enable the Commission to examine various comparable estimates for financial projections in view of reforms and the new realities to finalise its recommendations for the period 2020-2025. The Fifteenth Finance Commission has been constituted by the President on 27tn November, 2017 in ' pursuance of clause (1) of article 280 of the Constitution and Finance Commission (Miscellaneous Provisions) Act, 1951. The Commission was to submit its Report on the basis of its Terms of Reference (ToR) by 30th October, 2019 covering a period of five years commencing from 1st April, 2020.............Check More at INDIA GK" App: tinyurl.com/IndiaGK