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    <title>Government of India constitutes Sixteenth Finance Commission with Dr. Arvind Panagariya as its Chairman</title>
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    <description>A Finance Commission constituted under Article 280 is to recommend distribution of divisible tax proceeds between the Union and States and allocation among States, set principles for grants in aid from the Consolidated Fund of India including payments under Article 275, recommend measures to augment State Consolidated Funds to support Panchayats and Municipalities, and may review Disaster Management financing under the Disaster Management Act, 2005; the Commission has a Secretariat head and is to submit a report covering a five year period.</description>
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