Page 6 - Latest Updates on 16th Finance Commission

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

Centre's policies main hindrance in creation of new Kerala: CM Vijayan

The Chief Minister claimed that the proportion of tax resources to be distributed to the states has declined from 42 per cent during the 14th Finance Commission to 41 per cent during the 15th Finance

Cabinet nod for three officer-level posts for 16th Finance Commission

The three posts include two posts of Joint Secretary and one post of Economic Adviser

Cabinet approves creation of 3 officer-level posts for 16th Fin Comm

The Cabinet on Thursday approved the creation of three officer-level posts for assisting the 16th Finance Commission, chaired by Arvind Panagariya. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the creation of three posts at the level of Joint Secretary i.e. two posts of Joint Secretary and one post of Economic Adviser, for the 16th Finance Commission, an official statement said. "The newly created posts are required to assist the Commission in carrying out its functions," the statement said. All other posts in the commission have already been created as per the delegated powers, it added. In a notification dated December 31, 2023, the government appointed former vice chairman of Niti Aayog Panagariya as the chairman of the 16th Finance Commission. Ritvik Ranjanam Pandey was named as the Secretary to the Commission. The Commission would submit its report to the President by October 31, 2025. The report would be for five years commencing April 1, 2026. Be

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

A difficult mandate

Sixteenth Finance Commission will have to do tough balancing

Govt appoints Arvind Panagariya as chairman of 16th Finance Commission

D K Srivastava, a member of the 12th Finance Commission, said Panagariya is well suited for the job as he has a very good understanding of the Indian economy and looked after the Niti Aayog

Former NITI Aayog VC Arvind Panagariya to lead 16th Finance Commission

Joint Secretary in the finance ministry Ritvik Ranjanam Pandey will be the secretary to the commission, the government said in a notification.

Finance Commission confronts fiscal prudence challenges with minimal ToR

Experts say minimum ToR issued to avoid controversies and simplify state memoranda

Cabinet approves 'terms of reference' for 16th Finance Commission

Chairman, members to be appointed 'as soon as possible'; commission to submit report by Oct 31, 2025

Union cabinet approves terms of reference for 16th Finance Commission

The government has approved the terms of reference for the 16th Finance Commission, which decides on sharing of tax revenues between the Centre and States, Information and Broadcasting Minister Anurag Thakur said on Wednesday. The decision was taken on Tuesday evening at a Union Cabinet meeting. Thakur said the 16th Finance Commission will submit its report by October 2025 and the recommendations will be valid for a five-year period beginning April 2026. Set up under Article 280 of the Constitution, the core responsibility of Finance Commission is to evaluate the state of finances of the Union and State governments, recommend the sharing of taxes between them and lay down the principles determining the distribution of these taxes among States.

Govt may ask 16th Finance Commission to include HDI, SDG in formula

Article 280 of the Constitution says that the President of India can constitute a Finance Commission to make recommendations regarding the distribution of tax proceeds between the Centre and states

TMSEp562: Finance Commission, Big 5 in governance, Samvat 2080, Tata-Singur

What issues will the 16th Finance Commission face? What role does the Big 5 play in Indian governance? What events will shape the markets in Samvat 2080? What is Tata-Singur land case? Answers here

North-South divide at a crossroads

As the Finance Commission deliberates on the terms of reference, it is crucial that it acknowledges the existential threat facing India

Centre releases tax devolution to states early citing festive season

The lowest devolution for the month of November is to Goa and Sikkim at Rs 281 crore and Rs 283.10 crore

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

16th Finance Commission's political challenge

There are fundamental issues to harmonious inter-governmental fiscal relations that the Centre must take into account when constituting the Commission

Finance Commission expected to be constituted by November end: Finance secy

The government is expected to constitute the 16th Finance Commission by end of November, finance secretary T V Somanathan said. Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations. It suggests, among other things, the ratio in which tax is to be divided between the Centre and states for five years, beginning April 1, 2026. "The Finance Commission is expected to be constituted by end of November because that's the statutory requirement," he told PTI in an interview. Terms of Reference (ToR) for the commission is being finalised, he said. The previous Finance Commission submitted its report on November 9, 2020, for the 5 fiscals -- 2021-22 to 2025-26 -- to the President. The 15th Commission under N K Singh had kept the tax devolution ratio at 42 per cent -- at the same level suggested by the 14th Commission. The central government accepted the report of the commission, and accordingly, the states are being given 42 per cent of the

Should states cough up higher interest rates for their fiscal profligacy?

Debate over how states manage their finances likely to pick up as the constitution of the 16th Finance Commission is round the corner