Agenda for 15th Finance Commission

The 15th FC will be formed in the context of a massive change in the indirect tax structure brought about by the arrival of the GST

There are news reports that the government is actively in the process of forming the Fifteenth Finance Commission (15th FC). The task before this FC will be challenging, considering the structural changes the economy has undergone in recent times. With the arrival of the goods and services tax (GST) with all its shortcomings, the major overhaul of the financial sector now on the anvil, the obvious realisation that there is need to infuse massive doses of investment in infrastructure, business as usual is a thing of the past. 

Financial relations between the central and provincial governments have been the subject of