Shri Ajay Narayan Jha today joined the Fifteenth Finance Commission as its Member. He joins in place of Shri Shaktikanta Das who had resigned as a Member of the Commission after being appointed as Governor, Reserve Bank of India.

Prior to joining the Commission, Shri Jha, a 1982 batch IAS officer of Manipur cadre, was the Finance Secretary to the Government of India. Earlier he had also served as Secretary to the Fourteenth Finance Commission which was headed by former RBI Governor, Shri Y.V. Reddy.

The Fifteenth Finance Commission was constituted by a Presidential Order in November, 2017 under the Chairmanship of Shri N. K. Singh to decide the formula for devolution of revenue between Centre and States, for a period of 5 years – April, 2020 to March, 2025.

 

Membership of Finance Commission: Ajay Narayan Jha appointed to the Fifteenth Finance Commission replacing a resigned member. Ajay Narayan Jha has been appointed as a Member of the Fifteenth Finance Commission, replacing a member who resigned; the Commission is tasked with determining the formula for revenue devolution between the Centre and States for the five-year period beginning April 2020. The appointment highlights the appointee's prior roles as Finance Secretary and as Secretary to the Fourteenth Finance Commission and reflects continuity in senior fiscal administration under the Presidential constituting order.