President Droupadi Murmu has appointed three full-time members and a part-time member to the 16th Finance Commission.

Appointment

President Droupadi Murmu has appointed three full-time members and a part-time member to the 16th Finance Commission. The three full-time Members are Ajay Narayan Jha, former Member of the 15th Finance Commission and former Secretary, Department of Expenditure; Annie George Mathew; former Special Secretary, Department of Expenditure; and Niranjan Rajadhyaksha, Executive Director, Artha Global. Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, will be a part-time member. The 16th Finance Commission would have to make its report available by October 31, 2025 covering a period of five years from April 1, 2026.


      The new Finance Commission Chairman and other members would hold office from the date on which they respectively assume office up to the date of submission of report or October 31, 2025, whichever is earlier.

      The 16th Finance Commission will make recommendations on the distribution between the Union and the States of the net proceeds of taxes that are to be divided between them.

     

 

     


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