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Former vice chairman of the NITI Aayog Arvind Panagariya has been appointed to head the Finance Commission, the government said through a Gazette Notification dated December 31, 2023...
Dr. Arvind Panagariya, former Vice-Chairman of NITI Aayog and Professor at Columbia University, assumes the role of Chairman, with other Commission members to be notified separately, a Finance Ministry notification said.. Ritvik Ranjanam Pandey has been appointed as the Secretary to the Commission..
Panagariya was coached by trade economist Jagdish Bhagwati and had been the front-runner for the top position at Niti Aayog due to his unwavering support for free-market economics and his alignment with the goals and policies of the Modi administration...
The central government recently approved the terms of reference (ToR) of the 16th Finance Commission, enabling it to make recommendations for five years starting April 1, 2026..
Apart from suggesting the tax devolution between the central & state governments and revenue augmentation measures, the constitutional body would review the present arrangements for financing disaster management initiatives with reference to the funds constituted under the Disaster Management Act, 2005...
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Former Niti Aayog V-C Arvind Panagariya appointed as head of 16th Finance Commission
31, Dec, 23Panagariya, who served as Niti Aayog V-C from January 2015 to August 2017, is a renowned economist and currently teaches economics at Columbia University.