Dr. Arvind Panagariya, Chairman sixteenth Finance Commission. File | Photo Credit: Sandeep Saxena
The Sixteenth Finance Commission (sixteenth FC), chaired by economist Arvind Panagariya, has submitted its report back to the President of India, the workplace of the President introduced on Monday (November 17, 2025).
The main job of the successive Finance Commissions, together with the Sixteenth, is to suggest the idea for the distribution of taxes between the Centre and the States, together with the break-up amongst States.
The sixteenth FC’s suggestions would apply for a interval of 5 years starting on April 1, 2026.
“Members of the sixteenth Finance Commission, led by its Chairman, Dr. Arvind Panagariya, known as on President Droupadi Murmu and submitted the Commission’s report for 2026-31,” the workplace of the President of India posted on X.
The Union Cabinet had on November 29, 2024, permitted the phrases of reference for the sixteenth FC. At the time, it had additionally stated that the Commission was to submit its report by October 31, 2025.
Apart from deciding on the Centre-States tax division, the sixteenth FC was additionally tasked with recommending the ideas that ought to govern the grants-in-aid transferred by the Centre to the States, and likewise the measures wanted to reinforce the funds of the States to complement the assets of their panchayats and municipalities.
Published – November 17, 2025 07:50 pm IST
