Who is the chairperson of the 15^th Finance Commission

The correct answer is N.K. Singh

Key Points

• The Fifteenth Finance Commission was constituted by the Government of India in November 2017.
• The commission's chairman is Nand Kishore Singh, with its full-time members being Ajay Narayan Jha, Ashok Lahiri, and Anoop Singh.
• The commission recommended decreasing tax devolution from center to state from the previous 42% to 41%.
• The 1% decrease is to provide for the newly formed union territories of Jammu and Kashmir, and Ladakh.

Additional Information 

• The Criteria used for the devolution of funds are as follows-
  • Income distance-45%;
  • Population (2011)-15%;
  • Area-15%;
  • Forest and Ecology-10%;
  • Demographic performance-12.5%; Tax Effort-2.5%.