The 14th Finance Commission headed by YV Reddy will be in Bhopal on February 17. The commission comprises four other members. The commission members include Prof Abhijit Sen, Sushma Nath, M Govind Rao and Sudeepto Mundle. AN Jha is commission’s Secretary.
Padmabhushan Reddy was Governor of Reserve Bank of India for five years till year 2008. Reddy was also Union Secretary Finance and Secretary in Andhra Pradesh Planning and Finance Department. He also served on the panel of financial affair experts of International Monetary Fund and was also adviser to Executive Director of World Bank. Since year 2008, Reddy has been partnering in policymaking efforts for reforms in international monetary and financial systems.
At present, recommendations of 13th Finance Commission are under implementation. Recommendations of 14th Finance Commission will be effective from 2015-16 to 2019-20. The Finance Commission makes recommendations for tax sharing between the Central and State Governments, fulfillment of States’ requirements and grant in aid for their schemes and programmes and financial resources of local bodies.
In the forenoon of February 17, the commission will hold discussions with representatives of local bodies, Panchayat raj institutions, national and state-level recognised political parties, trade and industries.
In the afternoon, the commission will hold a meeting with Chief Minister Shivraj Singh Chouhan and state government’s officers at Mantralaya. Presentations of various departments and institutions will be made on the occasion.
Joint Secretary VS Senthil, Economic Advisor Pinaki Chakravarty, Director Ashutosh Joshi, Director (OSD to Chairman) Deepak Narayan, Assistant Director Ritesh Kumar, Finance Officer Vinod Gurunga, Additional PS Gita Govind and Consultant AC Wadhera will also come with the commission.