Finance Commission Terms Of Reference

FM Sitharaman meets 16th Finance Commission chairman Arvind Panagariya

Finance Minister Nirmala Sitharaman on Friday met 16th Finance Commission Chairman Arvind Panagariya. The meeting came within two days of the first meeting of the commission in which the members and the chairman discussed the terms of reference. Full-time members of the commission are former expenditure secretary Ajay Narayan Jha, retired bureaucrat Annie George Mathew, and Artha Global Executive Director Niranjan Rajadhyaksha, while SBI Group Chief Economic Advisor Soumya Kanti Ghosh is a part-time member. "Shri @APanagariya, Chairman - 16th Finance Commission, calls on Smt @nsitharaman," Sitharaman's office said in a post on X. The commission, chaired by former vice chairman of Niti Aayog Panagariya, will be assisted by Secretary Ritvik Ranjanam Pandey, two joint secretaries and one economic advisor, in its functioning. The government constituted the commission under the chairmanship of Panagariya on December 31, 2023. The panel would submit its report to the President by Octobe

Govt appoints 3 full-time, 1 part-time member of 16th Finance Commission

The Finance Commission is a constitutionally mandated body established once every 5 yrs to devise a formula for distributing net tax proceeds between the Centre and the states

Govt appoints members for new finance panel to recommend on federal taxes

The panel will submit its report by Oct. 31, 2025 covering a period of five years commencing on April 1, 2026

Govt issues bare minimum terms of reference for 16th finance commission

The ToRs for the Commission strictly align with what is broadly enshrined in the Constitution

Finance Commission gets first officer; terms of reference expected soon

Subsidies to climate finance: What could be some key priorities for the 16th Finance Commission

Finance Commission extension depends on terms of reference for J&K, Ladakh

Singh said that the commission will have to work on the devolution formula for the newly bifurcated union territories.

Risks to fiscal federalism

To minimise risks, the president may consider seeking response from states and the Centre on the 15th Finance Commission's suggestions

Not fair: Finance Commission's terms of reference stray from propriety

The use of the 2011 Census for sharing resources would mean a decline in the flow of resources to these states