New Delhi: At a time when states usaare demanding a greater share, especially from the South taxesThe 16th Finance Commission Work has been started on preparing the roadmap for partnership of resources For five years starting from April 2026. The 16th Finance Commission, headed by economist Arvind Panagariya, held its first meeting here on Wednesday.
Unlike some of its predecessors, the current Commission has been given an open canvas, providing only what is provided in the Constitution as a mandate, even the Census, which is used as the basis for population enumeration. is not mentioned in the terms of reference. ,
An official statement said the panel will conduct extensive consultations for 18-20 months, which will include discussions with states and other agencies, before finalizing its recommendations by the end of October 2025.
Unlike some of its predecessors, the current Commission has been given an open canvas, providing only what is provided in the Constitution as a mandate, even the Census, which is used as the basis for population enumeration. is not mentioned in the terms of reference. ,
An official statement said the panel will conduct extensive consultations for 18-20 months, which will include discussions with states and other agencies, before finalizing its recommendations by the end of October 2025.
