<h1>New Sixteenth Finance Commission Formed to Provide Key Economic Recommendations by 2025.</h1> The Sixteenth Finance Commission, constituted on December 31, 2023, is chaired by a former Vice-Chairman of NITI Aayog. The newly appointed members include a former member of the Fifteenth Finance Commission, a former Special Secretary of Expenditure, an Executive Director of Artha Global, and a Group Chief Economic Advisor from the State Bank of India. The Commission's terms of reference were issued on the same day, and it is tasked with providing recommendations by October 31, 2025, for a five-year period starting April 1, 2026.