News India Talks
Buisness

The government names Arvind Panagariya to lead the 16th Finance Commission

<p>Arvind Panagariya, a former vice chairman of Niti Aayog, was named by the government on Sunday to lead the 16th Finance Commission.</p>
<p><img decoding=”async” class=”alignnone wp-image-333747″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-750×422.jpg” alt=”theindiaprint.com the government names arvind panagariya to lead the 16th finance commission 31 12 2″ width=”1074″ height=”604″ title=”The government names Arvind Panagariya to lead the 16th Finance Commission 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-the-government-names-arvind-panagariya-to-lead-the-16th-finance-commission-31-12-2.jpg 1280w” sizes=”(max-width: 1074px) 100vw, 1074px” /></p>
<p>The government said in a notice that Ritvik Ranjanam Pandey, a joint secretary in the finance ministry, would serve as the secretary to the panel.</p>
<p>“The President is happy to create the Finance Commission, whose chairman will be Dr. Arvind Panagariya, a professor at Columbia University and a former vice-chairman of NITI Aayog. It said that notifications to Commission members would be sent individually.</p>
<p>By October 31, 2025, the panel will provide its report to the President covering the five-year period (2026–27 to 2030–31).</p>
<p>The Terms of Reference (ToR) for the 16th Finance Commission were agreed by the Union Cabinet, which is led by Prime Minister Narendra Modi, last month.</p>
<p>The panel will examine current arrangements for funding disaster management activities with reference to the funds established under the Disaster Management Act, of 2005, in addition to proposing revenue augmentation strategies and tax devolution between the federal government and the states.</p>
<p>A constitutional authority that offers recommendations on center-state financial relations is the Finance Commission.</p>
<p>The previous Finance Commission, led by NK Singh, suggested that states get 41% of the Center’s divisible tax pool for the five-year period 2021–2022–2025–26. This recommendation was consistent with the 14th Finance Commission’s.</p>

Related posts

Macroeconomic Challenges Caused a Decline in New Frontline Jobs in India in FY23: Repor

SBI: From FY20 to FY23, the Indian economy will generate 52 million new formal jobs

Bridging the gap: a tighter match between industry expectations and cybersecurity education

Apple iPhone 15 Pro Will Have 8GB RAM And 128GB Storage, Per Report

Creating a Budget That Allows For Liquidity: 5 Tips

WhatsApp Is Developing THIS Crucial Function For Channels That Are Suspended: Every Detail