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Thursday, February 11, 2010 (14:19:56) |
| Tags : Union Cabinet, 13th Finance Commission, Budget |
Government discusses Finance Commission recommendations |
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| New Delhi: The union cabinet today discussed the recommendations of 13th Finance Commission on how economic relations between the centre and states should be structured for the next five years.
An government statement after the cabinet meeting said the report of the commission together with the explanatory memorandum on action taken on the recommendations will be laid in parliament in the ensuing budget session.
The 13th Finance Commission was constituted by President Pratibha Patil on Nov 13, 2007 to give recommendations on specified aspects of centre-state relations for 2010-2015.
The commission submitted its report on Dec 30, 2009.
Finance commissions are constituted by the president every five years or earlier to give recommendations on specified aspects of centre-state relations and its recommendations are based on detailed assessment of the financial position of the central and state governments and wide consultations with stakeholders. (IANS) |
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