The Chief Economic Advisor, Government of India, Dr. Krishnamurthy Subramanian had been included as Member of the Advisory Council of the Fifteenth Finance Commission.
The Fifteenth Finance Commission had constituted an Advisory Council during its meeting on April 16.
Dr. Krishnamurthy Subramanian will be the twelfth Member of the Council.
The role and function of the Council are to advise the Commission in any issue or subject related to the Terms of Reference (ToR) of the Commission, which may be of relevance.
The commission also assists in the preparation of any paper or research study which would enhance the Commission’s understanding on the issue contained in its ToR.
It helps in broadening the Commission’s ambit and understanding to seek best national and international practices on matters pertaining to fiscal devolution and improving the quality and reach and enforcement of its recommendations.