Sixteenth Finance Commission is the Finance Commission constituted by Government of India under Article 280 of Constitution. Arvind Panagariya has been appointed as the Chief of the commission with the main task of determining revenue sharing between Central Government and State Government for a period of five years from April 1, 2026.[1]
Sixteenth Finance Commission was formed under Article 280 of the constitution[2] for determining the sharing of tax revenues between Union Government of India and States for five year period starting from 1 April 2026,[3][4] determining the principles for granting of the aid from the Consolidated Fund of India to states and implementation of various measures for augmenting the resources of Consolidated Fund to meet the requirements of Panchayats and Municipalities of states.[5][1]
Membersedit
The Sixteenth Finance Commission consists of various members and a chairman that is appointed by the President of India. It also consists of one secretary post. The list is as follows[6]
^ ab"16th finance panel chairperson, members to be appointed over next few days". Business Today. 1 December 2023. Retrieved 31 December 2023.
^"Centre approves 16th Finance Commission's Terms of Reference. Details here". India Today. 30 November 2003. Retrieved 31 December 2023.
^"Cabinet clears terms of reference for 16th Finance Commission". The Hindu. 29 November 2023. Retrieved 31 December 2023.
^"16th Finance Commission's terms are short, but all-encompassing: Somanathan". The Indian Express. 1 December 2023. Retrieved 31 December 2023.
^"The upcoming 16th Finance Commission has a highly critical task at hand". mint. 5 December 2023. Retrieved 31 December 2023.
^"Government appoints Members of the Sixteenth Finance Commission". pib.gov.in. Retrieved 2 April 2024.
^"Government appoints Arvind Panagariya as sixteenth Finance Commission chief". The Hindu. 31 December 2023. Retrieved 31 December 2023.
^"Arvind Panagariya to chair 16th Finance Commission". The Economic Times. 31 December 2023. Retrieved 31 December 2023.
^"Former NITI Aayog VC Arvind Panagariya to lead 16th Finance Commission". business-standard.com. 31 December 2023. Retrieved 31 December 2023.
^"Cabinet suggests setting up of 16th finance commission". The Times of India. 30 November 2023. Retrieved 31 December 2023.
External linksedit
Official website
January 01, 1970
sixteenth, finance, commission, finance, commission, constituted, government, india, under, article, constitution, arvind, panagariya, been, appointed, chief, commission, with, main, task, determining, revenue, sharing, between, central, government, state, gov. Sixteenth Finance Commission is the Finance Commission constituted by Government of India under Article 280 of Constitution Arvind Panagariya has been appointed as the Chief of the commission with the main task of determining revenue sharing between Central Government and State Government for a period of five years from April 1 2026 1 Sixteenth Finance Commission16व व त त आय गState Emblem of IndiaCommission overviewPreceding CommissionFifteenth Finance CommissionSuperseding agencySeventeenth Finance CommissionJurisdictionWhole of IndiaHeadquarters16th Finance Commission Jawahar Vyapar Bhawan Tolstoy Marg New DelhiMinister responsibleNirmala Sitharaman Minister of FinanceCommission executivesArvind Panagariya Former Vice Chairman of NITI Aayog ChairmanAjay Narayan Jha Former IAS Member Annie George Mathew Member SoumyaKanti Ghosh Member Niranjan Rajadhyaksha Member Ritvik Ranjanam Pandey IAS Secretary Parent departmentDepartment of Economic Affairs Ministry of Finance Government of IndiaKey documentsThe Constitution of India Article 280 The Finance Commission Miscellaneous Provisions Act 1951 Act no 33 of 1951 S O 3755 E notification of formation of the commission Websitefincomindia wbr nic wbr in Contents 1 History and Objective 2 Members 3 Tenure 4 See also 5 References 6 External linksHistory and Objective editSixteenth Finance Commission was formed under Article 280 of the constitution 2 for determining the sharing of tax revenues between Union Government of India and States for five year period starting from 1 April 2026 3 4 determining the principles for granting of the aid from the Consolidated Fund of India to states and implementation of various measures for augmenting the resources of Consolidated Fund to meet the requirements of Panchayats and Municipalities of states 5 1 Members editThe Sixteenth Finance Commission consists of various members and a chairman that is appointed by the President of India It also consists of one secretary post The list is as follows 6 Chairman Arvind Panagariya former vice Chairman of NITI Aayog 7 8 9 Member Ajay Narayan Jha former member 15th Finance Commission and former secretary Expenditure Member Annie George Mathew former special secretary Expenditure Member Soumya Kanti Ghosh Group Chief Economic Advisor State Bank of India Member Niranjan Rajadhyaksha executive director Artha Global Secretary Ritvik Ranjanam Pandey IASTenure editThe tenure of each Finance Commission is five years 10 See also editFifteenth Finance CommissionReferences edit a b 16th finance panel chairperson members to be appointed over next few days Business Today 1 December 2023 Retrieved 31 December 2023 Centre approves 16th Finance Commission s Terms of Reference Details here India Today 30 November 2003 Retrieved 31 December 2023 Cabinet clears terms of reference for 16th Finance Commission The Hindu 29 November 2023 Retrieved 31 December 2023 16th Finance Commission s terms are short but all encompassing Somanathan The Indian Express 1 December 2023 Retrieved 31 December 2023 The upcoming 16th Finance Commission has a highly critical task at hand mint 5 December 2023 Retrieved 31 December 2023 Government appoints Members of the Sixteenth Finance Commission pib gov in Retrieved 2 April 2024 Government appoints Arvind Panagariya as sixteenth Finance Commission chief The Hindu 31 December 2023 Retrieved 31 December 2023 Arvind Panagariya to chair 16th Finance Commission The Economic Times 31 December 2023 Retrieved 31 December 2023 Former NITI Aayog VC Arvind Panagariya to lead 16th Finance Commission business standard com 31 December 2023 Retrieved 31 December 2023 Cabinet suggests setting up of 16th finance commission The Times of India 30 November 2023 Retrieved 31 December 2023 External links editOfficial website Retrieved from https en wikipedia org w index php title Sixteenth Finance Commission amp oldid 1221335327, wikipedia, wiki, book, books, library,
