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Arvind Panagariya Takes Charge as Chairman of 16th Finance Commission.

Appointments | Dated: 01 Jan 2026

Dr. Arvind Panagariya has officially assumed charge as the Chairman of the 16th Finance Commission on January 1, 2026. The Commission will define the formula for sharing tax revenue between the Centre and States for the five-year period commencing April 1, 2026. Ritvik Ranjanam Pandey joined as the Secretary.

🎯 Key Highlights:

  • The Commission has been asked to submit its report by October 31, 2026.
  • Panagariya is a former Vice Chairman of NITI Aayog and a professor at Columbia University.
  • The terms of reference include reviewing disaster management financing arrangements.

💡 Other Important Facts:

  • Chairman: Arvind Panagariya.
  • Commission: 16th.
  • Period Covered: 2026-2031.

📚 Test Your Knowledge:

Who assumed charge as the Chairman of the 16th Finance Commission on January 1, 2026?

Correct Answer: Arvind Panagariya

🚀 Quick Recap:

About Finance Commission

  • Article – 280
  • Appointed by – President