Business
Dr. Arvind Panagariya, a former NITI Aayog V-C, is named by the Center to lead the 16th Finance Commission.
By - 11 Jan 2024 05:34 PM
"On Sunday, the Center named Dr. Arvind Panagariya, a former vice chairman of NITI Aayog, as the head of the 16th Finance Commission. According to a notification from the Department of Economic Affairs, IAS officer Ritvik Ranjanam Pandey will serve as the secretary of the Commission.
The notification stated that the Chairman and the other Commission members would serve as such from the day they take office until the report is submitted, or until October 31, 2025, whichever comes first.It was also announced that Ritvik Ranjanam Pandey would be joining the Commission as secretary. Pandey, an IAS officer from 1998 batch, was appointed as an officer on special duty (OSD) for the advance cell of the 16th Finance Commission on November 6. Prior to this appointment, Pandey worked as a joint secretary in the department of revenue.
Under Arvind Panagariya's direction, the 16th Finance Commission is well-positioned to influence fiscal policy, advance financial devolution, and tackle important problems like financing for disaster management. It is expected that the recommendations it makes will have a significant impact on the nation's economy."
