T Rabi Sankar, RBI Deputy Governor, has been appointed as a part-time member of the 16th Finance Commission, replacing Ajay ...

T. Rabi Sankar's appointment follows the resignation of Ajay Narayan Jha, who stepped down from his position as a full-time ...

The story so far: The 16th Finance Commission (FC) has begun its work, established under Article 280 of the Indian Constitution, primarily focusing on the devolution of the consolidated fund.

As mandated by Article 280(1) of the Constitution, the President of India plays a crucial role in constituting the Finance Commission. The Sixteenth Finance Commission was constituted on December ...

The finance commission’s terms of reference (ToR) specified in the Constitution of India (Article 280[3]) mandates (i) distribution and allocation of net proceeds of shareable taxes between the union ...

At present, states get 41 per cent of the tax revenue while the rest goes to the Centre, 16th Finance Commission Chairman ...

Majority of 28 States have asked the Finance Commission to increase tax revenue distribution between the Centre and states to ...

Arvind Panagariya, Chairman of the 16th Finance Commission, lauded Uttar Pradesh's financial management, highlighting its ...

Arvind Panagariya, Chairman of the 16th Finance Commission, lauded Uttar Pradesh as a well-managed state financially, despite ...

T Rabi Sankar inclusion comes at a time of leadership reshuffle within the Commission, following the resignation of former ...