New Delhi: The government on Wednesday appointed three full-time and one part-time member of the 16th Finance Commission which was constituted on December 31, 2023.
Full-time members of the commission are former expenditure secretary and former member of the 15th Finance Commission Ajay Narayan Jha, former special secretary, expenditure, Annie George Mathew, and Artha Global executive director, Niranjan Rajadhyaksha.
State Bank of India (SBI) group chief economic advisor Soumya Kanti Ghosh has been appointed as a part-time member.
The government last month appointed former vice-chairman of NITI Aayog and Columbia University professor Arvind Panagariya as the 16th FC chairman, which would suggest a devolution formula for tax revenues between the Centre and states.
The order of Panagariya’s appointment came about a month after the government on November 29 announced the terms of reference (ToR) for the 16th commission, which also asked the body to suggest measures for augmenting states’ resources for local bodies, besides reviewing existing arrangements for financing disaster management initiatives.
