Fifteenth Finance Commission Award for 2020-21 Implications for the States

The first report of the Fifteenth Finance Commission has allayed many fears that arose after the notification of the terms of reference of the commission. The main report for the period 2021-22 to 2025-26 will have to factor in the devastating impact of COVID-19 on the economy and provide adequate fiscal space to the states for socio-economic response and recovery. © 2020 Economic and Political Weekly. All rights reserved.