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Date: 30-Jan-2024 Category: Extra Ordinary State: Union Government Country: India

Appointment of Members of 16th Finance Commission

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the appointment of members to the Sixteenth Finance Commission by the President of India, in accordance with Article 280 of the Constitution and the Finance Commission (Miscellaneous Provisions) Act, 1951.

Key Changes

  • The following individuals have been appointed as members of the Sixteenth Finance Commission:
  • Shri Ajay Narayan Jha, as a Full-time Member
  • Smt. Annie George Mathew, as a Full-time Member
  • Dr. Niranjan Rajadhyaksha, as a Full-time Member
  • Dr. Soumya Kanti Ghosh, as a Part-time Member
  • The members will hold office from the date of assuming office until the date of report submission or October 31, 2025, whichever is earlier.
  • This order is in continuation of Notification No. S.O.5533 (E) dated 31.12.2023, which relates to the constitution of the Sixteenth Finance Commission.

Impact Analysis

Government

  • Action Item: The Ministry of Finance needs to provide the necessary administrative and logistical support to the newly appointed members to facilitate their work.

States

  • Action Item: State governments should begin compiling relevant data and preparing their arguments for resource allocation, considering the terms of reference of the Sixteenth Finance Commission.

Finance Commission

  • Action Item: The Chairman and members should convene promptly to establish a work plan, define research priorities, and engage with relevant stakeholders.

Economy

  • Action Item: Economic analysts and policymakers should closely monitor the deliberations and recommendations of the Commission to assess their potential impact on economic growth, fiscal consolidation, and social development.

Key Entities Referenced

President of India: The authority issuing the order for the appointment of members to the Sixteenth Finance Commission. Sixteenth Finance Commission: The entity responsible for making recommendations on the distribution of financial resources between the Union and the States. Article 280 of the Constitution: The constitutional provision that provides for the establishment of a Finance Commission. Finance Commission (Miscellaneous Provisions) Act, 1951: The Act that supplements the constitutional provisions regarding the Finance Commission. Shri Ajay Narayan Jha: Appointed as a Full-time Member of the Sixteenth Finance Commission. Smt. Annie George Mathew: Appointed as a Full-time Member of the Sixteenth Finance Commission. Dr. Niranjan Rajadhyaksha: Appointed as a Full-time Member of the Sixteenth Finance Commission. Dr. Soumya Kanti Ghosh: Appointed as a Part-time Member of the Sixteenth Finance Commission. Notification No. S.O.5533 (E) dated 31.12.2023: Previous notification related to the constitution of the Sixteenth Finance Commission.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--3300001122002244--225511665533 CCGG--DDxLLx--xEEG--I33D00H00x11x22x00 2244--225511665533 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 348] नई दिल्ली, मगं लिार, िनिरी 30, 2024/माघ 10, 1945 No. 348] NEW DELHI, TUESDAY, JANUARY 30, 2024/MAGHA 10, 1945 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) अजधसचू ना नई दिल्ली, 30 िनिरी, 2024 का.आ. 369(अ).—राष्ट्रपजत द्वारा दिया गया जनम् नजलजखत आििे सामान्य िानकारी के जलए प्रकाजित दकया िाना ह:ै— आिेि जित्त आयोग (प्रकीणि उपबंध) अजधजनयम, 1951 (1951 का 33) के उपबंधों के साथ पठित, संजिधान के अनुच्छेि 280 के खंड (1), के अनुसरण में, राष्ट्रपजत ने जनम्नजलजखत को सोलहिें जित्त आयोग के सिस्ट्यों के रूप म ेंजनयुक्त दकया ह:ै— 1. श्री अिय नारायण झा, पूिि सिस्ट्य, 15िां जित्त आयोग, और पूि ि पूणिकाजलक सिस्ट्य सजचि, व्यय 2. श्रीमती ऐनी िॉिि मैथ्य,ू पूिि जििेष सजचि, व्यय पूणिकाजलक सिस्ट्य 3. डॉ. जनरंिन रािाध्यक्ष, कायिकारी जनिेिक, अथ िग्लोबल पूणिकाजलक सिस्ट्य 4. डॉ. सौम्या कांजत घोष, ग्रुप चीफ इकोनॉजमक एडिाइिर, भारतीय अंिकाजलक सिस्ट्य स्ट्टेट बैंक 600 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 2. अध्यक्ष और आयोग के अन्य सिस्ट्य अपने कायिभार ग्रहण करने की तारीख से ठरपोटि प्रस्ट्तुत करने की तारीख या 31 अक्टूबर, 2025, िो भी पहले हो, तक पि पर बने रहगें े। 3. यह आिेि सोलहिें जित्त आयोग के गिन के संबंध म ें अजधसूचना क्रमांक का.आ. 5533(अ.) दिनांक 31.12.2023 के क्रम म ेंह।ै हस्ट्ताक्षर/- नई दिल्ली, द्रौपिी मुम ुि दिनांक 30 िनिरी, 2024 भारत की राष्ट्रपजत [फा. स.ं 10(2)-बी(एस)/2022] आिीष िच्छानी, अपर सजचि (बिट) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th January, 2024 S.O. 369(E).—The following order made by the President is to be published for general information: — ORDER In pursuance of clause (1) of article 280 of the Constitution read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 (33 of 1951), the President is pleased to appoint following as Members of the Sixteenth Finance Commission, namely:- 1. Shri. Ajay Narayan Jha, former member, 15th Finance Full time Member Commission and former Secretary, Department of Expenditure 2. Smt. Annie George Mathew, former Special Secretary, Full time Member Department of Expenditure 3. Dr. Niranjan Rajadhyaksha, Executive Director, Artha Global Full time Member 4. Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, State Part time Member Bank of India 2. The Chairman and other members of the Commission shall hold office from the date on which they respectively assume office up to the date of submission of Report or 31st day of October, 2025, whichever is earlier. 3. This order is in continuation of the Notification No. S.O.5533 (E) dated 31.12.2023 with respect to constitution of Sixteenth Finance Commission. Sd/- New Delhi, DROUPADI MURMU Dated the 30th January, 2024 President of India [F. No. 10(2)-B(S)/2022] ASHISH VACHHANI, Addl. Secy. (Budget) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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