The original terms of references for the FFC themselves were contentious. Based on the wrong assumption that the last Finance Commission was overly generous towards the states, the terms were designed to nudge the FFC towards reducing the tax devolution...

Dr. Govinda Rao and Pranay Kotasthane from the Takshashila Institution participated in an interaction with the XV Finance Commission of India on the Terms of References of the Commission on 24th June 2019. They highlighted issues related to the vertical...