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Delhi gets little from central funds: Will 15th Finance Commission be fair?

The meeting with the president was a culmination of weeks of deliberations between the finance ministers of non-Bharatiya Janata Party states since April

Kovind
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President Ram Nath Kovind addresses the nation on the eve of Republic Day in New Delhi (Photo: PTI)

Akshay Marathe | The Wire

On May 17, finance ministers of five non-BJP states met President Ram Nath Kovind to discuss the terms of reference for the Fifteenth Finance Commission (FC-XV). They submitted a memorandum suggesting several amendments to the terms provided to the commission by the president earlier this year.

The finance commission is a constitutional body set up by the president every five years to determine the share of each state in central taxes. A large portion of this pool of funds is set aside for the use of the Central government, and the rest is distributed to the states.

The meeting with the president