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Current Affairs 2019-20 The 5th meeting of the Economic Advisory Council of the XVFC was held

Updated on 15 February 2020
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UPSC & State PSC
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Updated on 15 February 2020
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The current affair for UPSC 2020 must be practiced regularly by aspirants to score well in the exam. The change in terms of reference of the 15th Finance Commission is one of the important topics in current affairs 2020. The UPSC aspirants can do practice for the topic from the mock tests available for December’s current affairs. 


Key points:


  • The meeting was held in New Delhi.
  • There are two additional terms of references are assigned to the 15th Finance commission headed by N. K. Singh.
  • These are separate fund allocation for defense and internal security and allocation of funds between centre and state. 
  • The council was informed on the extension of the commission’s term till October 2020.
  • Council is now supposed to submit two reports regarding additional terms of reference. 
  • The reports will be for 2020-21 and for the period 2021-22 to 2025-26.





All The Best To All The UPSC 2020 Aspirants !


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