6 months ago
2
New Delhi
The Sixteenth Finance Commission (16th FC), chaired by economist Arvind Panagariyam, has submitted its study to the President of India, the bureau of the President announced connected Monday (November 17, 2025).
The superior task of the successive Finance Commissions, including the Sixteenth, is to urge the ground for the organisation of taxes betwixt the Centre and the States, including the break-up among States.
The 16th FC’s recommendations would use for a play of 5 years opening connected April 1, 2026.
“Members of the 16th Finance Commission, led by its Chairman, Dr. Arvind Panagariya, called connected President Droupadi Murmu and submitted the Commission’s study for 2026-31,” the bureau of the President of India posted connected X.
The Union Cabinet had connected November 29, 2024, approved the presumption of notation for the 16th FC. At the time, it had besides said that the Commission was to taxable its study by October 31, 2025.
Apart from deciding connected the Centre-States taxation division, the 16th FC was besides tasked with recommending the principles that should govern the grants-in-aid transferred by the Centre to the States, and besides the measures needed to augment the funds of the States to supplement the resources of their panchayats and municipalities.
