Finance Commission fund allocation: NK Singh says discretion to play the key role
The 15th Finance Commission will look into both equity as well as efficiency while coming up with its recommendations for resource allocations, chairman NK Singh said. "What weighting will be assigned, what weighting will be chosen and what are the ingredients of those weighting is entirely the discretion of the commission. And this does not form a part of any binding features of terms of reference," Singh told a seminar at the BSE
NK Singh said population dynamics have always been a dominant part of the thinking based on which the recommendations are done by the panel. Image source: Twitter