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Arvind Panagariya Appointed as Chairman of 16th Finance Commission.

Appointments | Dated: 30 Dec 2025

The Government of India has appointed Arvind Panagariya, former Vice Chairman of NITI Aayog, as the Chairman of the 16th Finance Commission. Ritvik Ranjanam Pandey has been appointed as the Secretary to the Commission. The Commission will define the tax revenue sharing formula between the Centre and States for the 5-year period starting April 1, 2026.

🎯 Key Highlights:

  • Panagariya is a renowned trade economist and a professor at Columbia University.
  • The 16th Finance Commission has been given a deadline of October 2026 to submit its report.
  • It is constituted under Article 280 of the Constitution by the President of India.

💡 Other Important Facts:

  • Appointee: Arvind Panagariya.
  • Role: Chairman, 16th Finance Commission.
  • Secretary: Ritvik Ranjanam Pandey.

📚 Test Your Knowledge:

Who has been appointed as the Chairman of the newly constituted 16th Finance Commission?

Correct Answer: Arvind Panagariya

🚀 Quick Recap:

About Finance Commission

  • Article – 280
  • Function – Tax distribution Centre-State