Arvind Panagariya appointed as 16th Finance Commission Chairman
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The Indian government has appointed Arvind Panagariya, a former NITI Aayog Vice Chairman and Columbia University professor, as the Chairman of the 16th Finance Commission. This commission will play a crucial role in determining the tax revenue sharing formula between the central government and individual states for the five-year period starting in April 2026. Panagariya's appointment was announced by the Finance Ministry, following the Cabinet's approval of the terms of reference on November 29.