The Fourteenth Finance Commission of India was constituted in January 2014. The commission's chairman was former Reserve Bank of India governor Y.V. Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen,Sudipto Mundle and A.N. Jha. The recommendations of the commission came into force on April 2015; they took effect for a five-year period from that date.