Banking & FinanceCurrent Affairs

FCXV form Group on Defence and Internal Security

The Fifteenth Finance Commission (FCXV) has formed a 5-member Group on Defence and Internal Security under the Chairmanship of N K Singh. The announcements were made after the commission held the 6th meeting of its advisory council to seek views on the report of the panel for 2020-21 and on the outlook for nominal Gross domestic product (GDP) growth for 2020-21 to 2025-26. Group on Defence and Internal Security: The group will examine whether a separate mechanism for funding of defence and internal security is necessary.  It will also find a way to implement such a mechanism. The group comprises of: Chairman: Shri N.K. Singh, Chairman, Fifteenth Finance Commission Members: Shri A. N. Jha, Member, Fifteenth Finance Commission Secretary, Ministry of Home Affairs Secretary, Ministry of Defence Secretary (Expenditure), Ministry of Finance

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