Finance Commission to monitor COVID-19 before second report

On March 19, 2020, the Finance Commission announced that it will monitor situation of COVID-19 before releasing its second report. The Commission is to set up a committee to review fiscal consolidation of the government. The commission has recommended grants for health sector under its report. It has recommended setting up of State Disaster Risk Management Fund and National Disaster Risk Management Fund.

This will replace the existing Disaster Relief Funds both at center and state level. This is being done to give larger priority to disaster management, mitigation, relief and response.