**Executive Summary**
This document is a notification from the Tamil Nadu Government Gazette, dated February 21, 2024, republishing an order from the Government of India's Ministry of Finance. It announces the appointment of members to the Sixteenth Finance Commission. The commission members will hold office until submission of their report or October 31, 2025, whichever is earlier.
**Key Points / Main Content**
* **Commission Members:** The President of India has appointed the following individuals as Members of the Sixteenth Finance Commission:
* Shri. Ajay Narayan Jha: former member, 15th Finance Commission and former Secretary, Department of Expenditure (Full time Member)
* Smt. Annie George Mathew: former Special Secretary, Department of Expenditure (Full time Member)
* Dr. Niranjan Rajadhyaksha: Executive Director, Artha Global (Full time Member)
* Dr. Soumya Kanti Ghosh: Group Chief Economic Advisor, State Bank of India (Full time Member)
* **Term of Office:** The Chairman and other members of the commission will hold office from the date they assume office until the submission of the report or October 31, 2025, whichever is earlier.
* **Continuation Order:** This order is in continuation of the Notification No.S.O.5533 (E) dated 31.12.2023 with respect to the constitution of the Sixteenth Finance Commission.
**Impact Analysis**
**Stakeholder: Sixteenth Finance Commission Members**
* **Impact:** The individuals listed are now formally appointed as members of the Sixteenth Finance Commission.
* **Action Required:** Assume their responsibilities and begin work on the commission's tasks.
**Stakeholder: Government of India, Ministry of Finance, Department of Economic Affairs**
* **Impact:** The appointment of the commission members is officially announced.
* **Action Required:** Ensure the commission has the necessary resources and support to carry out its mandate.
**Stakeholder: Tamil Nadu Government**
* **Impact:** Officially informed of the appointment of the members of the Sixteenth Finance Commission by the Government of India.
* **Action Required:** Take note of the order and prepare to engage with the Commission as required.
Key Entities Referenced
Sixteenth Finance Commission: Central to the policy document, concerning appointment of members.
Finance Commission (Miscellaneous Provisions) Act, 1951: Referenced law providing for the appointment of members to the Finance Commission.
Article 280 of the Constitution: Constitutional article referenced, relating to the establishment of a Finance Commission.
Finance Department: Government department issuing the notification.
Tamil Nadu Government Gazette: Official publication of the Government of Tamil Nadu where the notification is published.