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        News and Press Release

        Government appoints Members of the Sixteenth Finance Commission

        January 31, 2024

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        The Sixteenth Finance Commission was constituted on 31.12.2023 with Shri Arvind Panagariya, former Vice-Chairman, NITI Aayog as its Chairman.

        Now the following members are appointed to the Commission with the approval of the President of India. 

        1.

        Shri. Ajay Narayan Jha, former member, 15th Finance Commission and former Secretary, Expenditure

        Full time Member

        2.

        Smt. Annie George Mathew, former Special Secretary, Expenditure

        Full time Member

        3.

        Dr. Niranjan Rajadhyaksha, Executive Director, Artha Global

        Full time Member

        4.

        Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India

        Part time Member

         The terms of reference of the Commission were notified on 31.12.2023.

        The Sixteenth Finance Commission has been requested to make its recommendations available by October, 31, 2025, covering an award period of 5 years commencing 1st April, 2026.

        Finance Commission appointments designate full- and part-time members and set deadline for recommendations and award period. The Sixteenth Finance Commission's membership is formalized with three full-time members and one part-time member appointed, following notification of its terms of reference; the Commission has been requested to submit recommendations by a specified deadline to cover an award period of five years commencing at the stated fiscal start date.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Finance Commission appointments designate full- and part-time members and set deadline for recommendations and award period.

                                The Sixteenth Finance Commission's membership is formalized with three full-time members and one part-time member appointed, following notification of its terms of reference; the Commission has been requested to submit recommendations by a specified deadline to cover an award period of five years commencing at the stated fiscal start date.


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