Question:
Who has been appointed the Chairman of the 16th Finance Commission of India?
Who has been appointed the Chairman of the 16th Finance Commission of India?
Updated On: Mar 28, 2025
- Ajay Narayan Jha
- Smt. Annie George Mathew
- Dr. Arvind Panagariya
- Pradip Kumar Mohanty
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The Correct Option is C
Solution and Explanation
The Chairman appointed for the 16th Finance Commission of India is Dr. Arvind Panagariya.
Additional Context:
- Dr. Arvind Panagariya:
- Renowned economist and former Vice-Chairman of NITI Aayog (2015-2017)
- Professor at Columbia University, specializing in international trade and development
- First Finance Commission chairperson from Rajasthan
- About the 16th Finance Commission:
- Constituted on December 31, 2023 for 2026-31 period
- Key mandate: Recommend vertical (Centre-states) and horizontal (state-state) tax devolution
- Will address new challenges like climate change and disaster management funding
- Other members:
- Ajay Narayan Jha (former Expenditure Secretary) - Member
- Annie George Mathew (former Kerala Finance Secretary) - Member
- Smt. Smriti Sindhu (IRS officer) - Secretary
- Other options analysis:
- Ajay Narayan Jha: Member, not Chairman
- Smt. Annie George Mathew: Member, not Chairman
- Pradip Kumar Mohanty: Not part of this Commission
Correct Answer: (3) Dr. Arvind Panagariya.
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