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<h1>Finance Commission tenure extension allows additional time to finalize tax devolution and disaster financing recommendations.</h1> The government extended the 16th Finance Commission's tenure, moving its report deadline to November 30 to allow additional time for completion. The Commission is mandated to recommend tax devolution and Centre-state fiscal arrangements for the five-year period beginning April 2026, propose revenue augmentation measures, and review financing arrangements for disaster management funds constituted under the Disaster Management Act, 2005.