16th Finance Commission

The 16th Finance Commission of India was constituted on December 31, 2023, with Dr. Arvind Panagariya as its chairman. Its main task is to determine the distribution of tax proceeds between the Central and State Governments, establish the principles for grants-in-aid from the Consolidated Fund of India to the states, and suggest measures for augmenting state funds to support Panchayats and Municipalities. The Commission will also review financing for Disaster Management initiatives. It is expected to present its report by October 31, 2025, covering a five-year period from April 1, 2026.

Related Posts

National Investigation Agency (NIA) (Amendment) Bill, 2019 – Why is it...

16/08/2019 / [GS3] Various security forces and agencies and their mandate, Constitutional & Non-Constitutional Bodies, Important Legislation (Bills & Acts), Internal Security

Outcome Based Budgeting: Features, Advantages, Issues

20/10/2020 / Policies/Plans/Guidelines/Frameworks, Public Finance

State Government Budgets- RBI Report Highlights

19/01/2023 / Policies/Plans/Guidelines/Frameworks, Public Finance

Effective Bankruptcy of Birmingham

08/09/2023 / Local Government (Panchayat & Municipalities), Places/Locations (Map), Public Finance