December 7 , 2019
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	- The Finance Commission headed by N K Singh submitted its report for the financial year 2020-21 to President Ram Nath Kovind.
 
	- It was constituted by the President of India under Article 280 of the Constitution on November 27, 2017.
 
	- It was tasked with making recommendations for a period of five years from April 2020 to March 2025.
 
	- The term of the commission was originally set to end in October 2019, but was extended by one month to November 30.
 
                                 
                            
                                
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