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Cabinet approves extension of term for 15th Finance Commission

Nov 27, 2019 15:22 IST

The Cabinet has approved the extension of the term and coverage of the 15th Finance Commission.

In a release, the Government said the extension will enable the commission to examine various comparable estimates for financial projections, bearing in mind, the reforms done already. It will also set out recommendations from 2020 - 2026, based on current realities. 

The Cabinet also approved raising Food Corporation of India's authorised capital to Rs 10,000 crore.

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