Govt Extends Tenure Of 16Th Finance Commission Till Nov 30

2025-10-14 05:03:55

(MENAFN- Kashmir Observer)
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New Delhi – The government has extended the tenure of the 16th Finance Commission by one month till November 30.

The 16th Finance Commission was constituted by the government on December 31, 2023, with former Niti Aayog vice-chairman Arvind Panagariya as its Chairman. The report by the panel was due by October 31.

The Commission will mainly make recommendations on the distribution of taxes between the Centre and states for a 5-year period starting April 1, 2026.

The Finance Ministry, in a notification dated October 10, said that the date for submission of the 16th Finance Commission report is being extended till November 30.

The Commission has four members and is assisted by Secretary Ritvik Pandey, two joint secretaries and one economic advisor.

Retired bureaucrat Annie George Mathew and economist Manoj Panda are full-time members of the Commission, while SBI Group Chief Economic Advisor Soumya Kanti Ghosh and RBI Deputy Governor T Rabi Sankar are part-time members.

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