Part-time Member of the 16th Finance Commission:
Shri T. Rabi Sankar, Deputy Governor of RBI, has been appointed as a part-time Member of the 16th Finance Commission (XVIFC) following the resignation of Shri Ajay Narayan Jha. Finance Commission is a constitutional body constituted under Article 280 of the Indian Constitution. It recommends the distribution of tax revenues between the Union and States and evaluates fiscal needs of local bodies. The 16th Finance Commission (XVIFC) was set up on 31 December 2023. It is tasked with giving recommendations for the award period from 1 April 2026 to 31 March 2031.
