The Centre on Sunday appointed former Niti Aayog vice chairman Arvind Panagariya because the chairman of the sixteenth Finance Fee. Union Finance Ministry Joint Secretary Ritvik Ranjanam Pandey would be the secretary to the panel, in line with a authorities notification.
“The President is happy to represent a Finance Fee with Dr Arvind Panagariya, former Vice-Chairman, NITI Aayog and Professor, Columbia College, because the Chairman. Members of the Fee shall be notified individually,” learn the notification.
The fee will submit its report for the five-year interval between 2026-27 and 2030-31 to the President by October 31, 2025. It contains suggestions concerning sharing of taxes between the Centre and state governments in addition to measures to extend income. The panel can even assessment preparations for financing catastrophe administration programmes below the Catastrophe Administration Act, 2005.
The fifteenth Finance Fee led by N.Okay. Singh had recommended that states ought to get 41 per cent share of taxes. The suggestions given by the 14th Finance Fee was additionally on comparable traces.
Who’s Arvind Panagariya?
Arvind Panagariya is an Indian-American economist who served as vice-chairman of the Niti Aayog from January 2015 to August 2017. He additionally served as Chief Economist on the Asian Improvement Financial institution apart from working for the IMF, World Financial institution, WTO amd the UN Convention on Commerce and Improvement.
He was conferred with the Padman Bhushan in 2012 for his contributions in economics and public coverage. He served as India’s Sherpa for G20 talks in September 2015.
He earned his PhD in economics from Princeton College. He was the professor of economics on the College of Maryland at Faculty Park. At the moment, he serves because the Jagdish Bhagwati Professor of Indian Political Financial Insurance policies on the College of Worldwide and Public Affairs at Columbia College in New York Metropolis.
