Chairman of 15th Finance commission?
VerifiedAnswer: NK Singh
Explanation:
Nand Kishore Singh, commonly known as NK Singh, served as the Chairman of India's 15th Finance Commission. The Government of India appointed him to this prestigious position in November 2017, marking a significant milestone in his distinguished career in public service and economic policy.
NK Singh brought extensive experience to this role, having previously served as a Member of Parliament in the Rajya Sabha and held various important positions in the Indian Administrative Service. His expertise in fiscal policy and economic affairs made him an ideal choice to lead the commission responsible for determining the distribution of tax revenues between the Centre and state governments for the period 2021-26.
The 15th Finance Commission under NK Singh's leadership submitted its final report in February 2020. This commission was particularly significant as it addressed several contemporary challenges including the impact of the Goods and Services Tax (GST), the need for fiscal consolidation, and the requirements for sustainable development goals. The commission recommended that states should receive 41% of the divisible pool of central taxes, continuing the trend of maintaining a substantial share for state governments.
