Manoj Panda is new member of the XVI Finance Commission

Manoj Panda is new member of the XVI Finance Commission

Daily Current Affairs   /   Manoj Panda is new member of the XVI Finance Commission

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Category : Appointment/Resignation Published on: April 12 2024

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  • The Centre has notified the appointment of economist Manoj Panda as a full-time member of the Sixteenth Finance Commission, tasked with formulating recommendations on the revenue sharing formula between the Centre and States for the five-year period beginning April 2026.
  • According to Article 280 of the Constitution, President Murmu constituted the Sixteenth Finance Commission on 31st December 2023. The Article directs the President to constitute the Finance Commission on or before every five years.
  • According to the Union Finance Ministry notification, Manoj Panda has been appointed as a member of the 16th Finance Commission, which will be implemented till the submission of the Union's Commission report or serving till 31 October 2025.
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