India, Dec. 6 -- The Finance Commission submitted its report for the financial year 2020-21 to President Ram Nath Kovind on Thursday.
The Commission headed by N K Singh apprised the President of the recommendations contained therein, an official statement said.
The 15th Finance Commission was constituted by the President of India under Article 280 of the Constitution on November 27, 2017, to make recommendations for a period of five years from April 2020 to March 2025, it said.
The Commission had a wide ranging terms of reference contained in the Presidential Notification, it said.
"Thereafter, the Gazette Notification dated November 27, 2019 mandated the Commission to submit the report for the financial year 2020-21 by November 30, 201...