Chief Economic Advisor to Central Government Dr. Krishnamurthy Subramanian was appointed as Member of Advisory Council of Fifteenth Finance Commission. He will be the twelfth Member of advisory council.
Advisory Council of 15th Finance Commission
He was appointed as the chief economic advisor in Union Finance Ministry for three years in December 2018. He had succeeded Arvind Subramanian. He is alumni of Indian School of Business (ISB), Hyderabad.
It is constitution quasi-judicial body constituted by the President of India every fifth year under Article 280 of the Constitution of India. It consists of Chairman and four other members, appointed by President of India. It makes non-binding advisory recommendations to Government on following matters-
15th Finance Commission (FCC)
It was constituted by President in November 2017 to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing 1 April 2020 till 2025.
Composition: N. K. Singh is Chairman. Its full-time members are Ajay Narayan Jha, Ashok Lahiri and Anoop Singh. Ramesh Chand is its part-time member.