Page 2 - N K Singh

Discussion on report over, FinCom set to present it to President on Nov 9

The report will be tabled in Parliament by the union finance minister along with an action taken report of the government

We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

Considering fiscal deficit range instead of number, says N K Singh

Singh said the 15th Finance Commission had not sought any extension and will finish its report for 2021-22 to 2025-26 by October 31

15th FC panel suggests giving range for fiscal deficits for Centre, states

Singh said the commission did not brush aside the suggestion, however, a final decision on providing a range as fiscal deficit targets is yet to be taken

India needs to grow faster in next decade to become key player: N K Singh

Singh said technology, coupled with significant reforms in areas like health, education and maintenance of infrastructure, can make a decisive difference.

Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said

V-shaped recovery in Q3, 4; negative GDP growth in FY21 overall: N K Singh

Singh said the economic expansion in 2022-23 would determine whether or not the initiatives to revive growth are sustainable

Discussing alternatives to base year, says 15th FC chairman N K Singh

Singh said that while the current year and part of next year would see a continued slowdown, things could get better from the latter half of 2021-22, and economy may grow at a rapid pace from thereon

15th Finance Commission forms panel to discuss security funding mechanism

This is something the 15th FC had said it will do in its first report

15th Finance Commission to form panel on fiscal situation of Centre, states

"We have decided to constitute a fiscal committee, which will address one particular recommendation contained in our terms of reference regarding a legal framework for the fiscal architecture," Singh

Finance Commission panel to examine separate funding mechanism for defence

The five-member group, to be headed by Finance Commission Chairman N K Singh, comprise secretaries from the ministries of defence, home affairs and finance, besides a member of Commission

Can't treat J&K on a par with states: 15th Finance Commission chairman

The Jammu and Kashmir Reorganisation Act, 2019 says that UT of J&K should get grants from the divisible pool.

Budget 2020: Nirmala Sitharaman uses fiscal space to spur the economy

Widest deviation from fiscal deficit seen under Modi government

15th Finance Commission may hike grants, cut devolution to states

Performance-based incentives planned to reduce friction between Centre, states

Why 15th Finance Commission will be the last word on key Budget numbers

One could effectively say the Budget will be a joint handiwork of Singh and finance minister, Nirmala Sitharaman, a position that no other finance commission has enjoyed

Finance Commission chief N K Singh questions 'discriminatory' IMF scrutiny

This comes days after IMF Chief Economist Gita Gopinath cautioned the Fund may revise India's growth forecast 'significant downward'

15th Finance Commission treating J&K like any other UT: N K Singh

How can you treat a UT to be anything other than a UT?, Singh said

GST must go back to drawing board; rates need to be simplified: N K Singh

The official said that GST needed to be revenue neutral and that the GST Council needed to move from multiplicity of rates to one standard rate.

GST system redesign neither desirable nor feasible, say tax experts

Experts want the GST Council to prepare a detailed road map for the next two-three years to provide an environment of tax certainty for businesses

Fifteenth Finance Commission raises concerns on debt levels of states

The commission said the overall state debt has risen particularly due to UDAY scheme