(a) whether the Government has extended the term of Twelfth
Finance Commission;
(b) if so, the details thereof;
(c) the reasons therefor; and
(d) the time by which the Commission is likely to give its report?
(a) whether the Government has extended the term of Twelfth
Finance Commission;
(b) if so, the details thereof;
(c) the reasons therefor; and
(d) the time by which the Commission is likely to give its report?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S.PALANIMANICKAM)
(a) Yes, Sir.
(b) The term of 12th Finance Commission has been extended upto 31st
December, 2004.
(c) Advancement of the Lok Sabha elections as well as the elections
in some States, presentation of interim budget by several State governments
and the Union government affected the schedule of the Finance Commission.
(d) The Commission has been requested to submit its report by 30th November, 2004.