The Fifteenth Finance Commission held its first meeting at North Block in New Delhi under the Chairmanship of Shri N.K. Singh and was attended by all the other Members of the Commission. The main objective was to hold wide-ranging consultations with all stakeholders including various Ministries of the Union Government, all State Governments, Local Bodies, Panchayats and Political parties of each State Government needed to be expeditiously initiated. The Commission approved the setting-up of its office at Jawahar Vyapar Bhawan on Janpath in New Delhi.