Sixteenth Finance Commission Constitutes Five-Member Advisory Council
The Sixteenth Finance Commission has constituted an advisory council with five members to advise the Commission on any of the Terms of Reference (ToR) or related subjects. The Finance Commission, as per the ToR, will also suggest measures to augment the Consolidated Fund of a State to supplement the resources of panchayats and municipalities.
Poonam Gupta, Director General of the National Council of Applied Economic Research, has been appointed as the convenor of the Advisory Council. The other members are:
The Finance Commission is a constitutionally mandated body established every five years to devise a formula for distributing net tax proceeds between the Centre and the states as well as among states and local bodies. Currently, India shares 41% of federal taxes with states as recommended by the 15th panel.
The UP Mahila Udyam Nidhi Yojana 2026 is a women entrepreneurship assistance program, it is…
The FIFA World Cup 2026 has entered the most dramatic and thrilling stage of the…
From 1 August 2026, women travelers in Delhi will have to possess the Pink Saheli…
The state government of Jharkhand has unveiled an ambitious AI Policy 2026-31 roadmap, it aimed…
Every year, July 11 is celebrated as World Population Day, the day observes to raising…
National News India Introduces LoA Regime to Boost Sustainable Sea Fishing India has launched the…