Setting the stage for the Sixteenth Finance Commission to start its work soon, the Centre late on Wednesday notified the appointment of four full-time members for the panel, which is chaired by the first NITI Aayog vice-chairman and Columbia University professor Arvind Panagariya.
Former Expenditure Secretary Ajay Narayan Jha, who was also part of the Fifteenth Finance Commission that was headed by N.K. Singh, has been reappointed as a member of the new panel tasked with recommending the tax-revenue sharing formula between the Centre and the States for the five-year period beginning April 2026.
Also Read | Cabinet approves creation of three officer-level posts for 16th Finance Commission
