Panel formed to advise on finance commission's terms of reference
New Delhi, May 9: The 15th Finance Commission on Wednesday set up an advisory council to assist it in matters related to its terms of reference (ToR).
The panel, to be headed by Forum for Strategic Initiatives President Arvind Virmani, will advise the commission on all relevant issues and subjects and help conduct research studies to enhance the commission's understanding of issues in its ToR, an official statement said.
It will also "help in broadening the commission's ambit and understanding to seek best national and international practices on matters pertaining to fiscal devolution and improving the quality and reach and enforcement of its recommendations", it added.
The other members of the advisory council include Prime Minister's Economic Advisory Council member (part-time) Surjit Bhalla, Ex-Deputy Director (Fiscal Affairs Department) of International Monetary Fund Sanjeev Gupta, National Institute of Public Finance and Policy professor Pinaki Chakraborty, JP Morgan's Chief India Economist Sajjid Chinoy and Credit Suisse India economist and strategist Neelkanth Mishra.
On Monday, a meeting of 11 state finance ministers held in Amaravati described the Finance Commission's ToR as undermining the federal structure and decided to seek President Ram Nath Kovind's intervention to reframe them.
They claimed that the ToR almost penalises states for being progressive and well-performing.
On Tuesday, Congress leader P. Chidambaram urged the finance ministers of all states to sign a memorandum against the ToR.
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UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
