SENSEX NIFTY
Jan 02, 2013, 04.02 PM IST | Source: PTI

YV Reddy to head 14th Finance Commission

Former RBI governor YV Reddy has been appointed the chairman of 14th Finance Commission, finance minister P Chidambaram announced on Wednesday.

YV Reddy

Former RBI Governor

More about the Expert...

Former RBI governor YV Reddy has been appointed the chairman of 14th Finance Commission, finance minister P Chidambaram announced on Wednesday. The Finance Commission has been directed to submit its report by October 31, 2014.

The Finance Commission is a constitutional body and is set up every
five years. The Commission will lay down principles governing the grants-in-aid to states and other local bodies for a five-year period beginning April 1, 2014.
Prior to joining RBI as its governor in September 2003,

Reddy was the executive director on the board of the International Monetary Fund. The 13th Finance Commission was headed by former finance secretary Vijay Kelkar.

ADS BY GOOGLE

video of the day

India inflation to drop at startling levels in 2015: Walker

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.