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Centre Issues Term of Reference for 16th Finance Commission With Suggestions from States

In the ever-evolving landscape of India’s economic policies, the Finance Commission’s 16th iteration is making headlines. According to Finance Secretary TV Somanathan, the government took a unique approach, keeping the terms of reference concise granting the Constitutional body the autonomy to decide fund devolution based on states’ suggestions. Somanathan emphasized the government’s extensive consultations with […]