CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Fifteenth Finance Commission (XVFC) had online meetings with its Advisory Council on 23-24 April 2020. Who is Deputy Minister responsible for finance ministry?
A
Mahendra Nath Pandey
B
Giriraj Singh
C
Anurag Thakur
D
Harsh Vardhan
Explanation: 

Detailed explanation-1: -Explanation: The Fifteenth Finance Commission (FC) has considered the 2011 population along with forest cover, tax effort, area of the state, and “demographic performance” to arrive at the states’ share in the divisible pool of taxes. 10.

Detailed explanation-2: -The Commission observed that the recommended path for fiscal deficit for the centre and states will result in a reduction of total liabilities of: the centre from 62.9% of GDP in 2020-21 to 56.6% in 2025-26, and. the states on aggregate from 33.1% of GDP in 2020-21 to 32.5% by 2025-26.

Detailed explanation-3: -Nand Kishore Singh was appointed as the commission’s chairman, with its full-time members being Shaktikanta Das and Anoop Singh and its part-time members being Ramesh Chand and Ashok Lahiri. The commission held its first meeting on 2017-12-04.

There is 1 question to complete.