Finance panel gets long wish list |ForumIAS

ForumIAS LATEST

1. 1. FRC 2027: SFG Residential program | accepting application for Tranche-2 Click Here to know more →
  2. CSAT Classes for Prelims 2027 by Rishi Bhargav sir starts 16 Nov. at 5 PM Click Here to know more →
  3. Prelims Sprint classes 2027: Starts 2nd Nov. at 4:30 PM | First class open to all. Click Here to know more →

Context

15th Finance Commission

Suggestion for FC’s terms of reference

A financial buffer against rising crude oil prices: A financial buffer should be created to insulate the economy from the volatility of rising crude prices and closer integration into the global economy
Funds to deal with floods
Bihar: 3% target for fiscal deficit under the Fiscal Responsibility and Budget Management Act was “iniquitous” (grossly unfair and morally wrong) and needed to be reviewed in the specific context of financially challenged States