The government on Sunday appointed former Niti Aayog vice chairman and Columbia University professor Arvind Panagariya as the chairman of the Sixteenth Finance Commission, which will recommend the tax revenue sharing formula between the Centre and the States for the five-year period beginning April 2026.
The Finance Ministry on Sunday notified President Draupadi Murmu’s order for Mr. Panagariya’s appointment as the chief of the critical Constitutional body, whose terms of reference were approved by the Cabinet on November 29. Mr. Panagariya is a trade economist who had served as the first vice chairman of the Niti Aayog, which replaced the erstwhile Planning Commission, from 2015 to 2017.
The names of the members of the Commission will be notified separately, as per the order, which also appointed Ritvik Ranjanam Pandey, who was earlier a joint secretary in the Department of Revenue, as the panel’s secretary.
