RBI Deputy Governor T. Rabi Sankar Appointed as Part-Time Member of 16th Finance Commission.
Appointment
In June 2025, T. Rabi Sankar, currently serving as Deputy Governor of the Reserve Bank of India (RBI), Mumbai, Maharashtra, was appointed as a part-time member of the 16th Finance Commission (XVI FC).
- He will serve in this role from the date of appointment until the submission of the Commission’s report or October 31, 2025, whichever is earlier.
- He was appointed by the President of India, Droupadi Murmu, based on the recommendation of the Department of Economic Affairs (DEA), Ministry of Finance (MoF).
- The official notification was issued under Clause (1) of Article 280 of the Constitution of India, read with provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 (33 of 1951).
Main Point :- (i) The appointment of T. Rabi Sankar follows the resignation of Ajay Narayan Jha, one of the full-time members of the 16th Finance Commission, who stepped down due to personal reasons.
(ii) The 16th Finance Commission was constituted by the Government of India (GoI) in 2023, under the chairmanship of Arvind Panagariya, former Vice-Chairman of NITI Aayog.
(iii) The Commission is expected to submit its recommendations by October 31, 2025, and those will be applicable for a five-year period beginning April 1, 2026.
About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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