Who was the Chairman of 15th Finance Commission of India?
       

Correct option is A

N.K. Singh was the Chairman of the 15th Finance Commission of India, which was constituted in 2017. The Finance Commission is a constitutional body that is responsible for making recommendations regarding the distribution of tax revenues between the central government and the states. The 15th Finance Commission's recommendations covered the period from 2021 to 2026, addressing key issues such as fiscal consolidation, vertical and horizontal tax devolution, and performance-based incentives for states.
Information Booster:
1. The 15th Finance Commission was constituted in 2017 and its recommendations were implemented from 2021 to 2026.
2. N.K. Singh is a prominent Indian economist and policymaker with experience in governance and public administration.
3. The Finance Commission recommends the distribution of financial resources between the central and state governments, addressing both vertical and horizontal imbalances.
4. It also evaluates fiscal discipline and performance-based incentives for states to promote efficiency.
5. Key issues addressed include healthcare, disaster management, and financing requirements for defense and internal security.