Delhi government has set up the 'Fifth Finance Commission' to give suggestions to improve the financial condition of municipal corporations.
Lt Governor Najeeb Jung has given his nod for the constitution of the Commission, to be headed by former Urban Development Secretary Sudhir Krishna, which has been asked to submit its report within 18 months.
Urban Development Department of Delhi government has issued an order in this regard. The Commission will review the financial position of municipal corporations covering five years from 2016-2021.
K R Kishore has been appointed as Member Secretary of the Commission.
The Commission will recommend suggestions to improve the financial condition of local civic bodies besides modernising their functioning.
"The Commission may also study the present activities of local bodies and see whether some of their functions i.E. major hospitals etc can be transfered to GNCTD which may reduce their expenses," the order stated.
In June last year, the Delhi High Court had pulled up the city government saying it cannot wait for acceptance or implementation of the Fourth Financial Commission's findings before constituting the fifth one.
