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Date: 05-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

The following order made by the President is to be published for general information

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 Dr. Manoj Panda as a full-time member of 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

  • Dr. Manoj Panda, former Director of the Institute of Economic Growth, is appointed as a full-time member of the Sixteenth Finance Commission.
  • Dr. Panda's term of office will begin from the date of assuming office and will continue until the date of submission of the Commission's report or October 31, 2025, whichever is earlier.
  • This order is a continuation of previous notifications S.O. 5533(E) dated December 31, 2023, and S.O. 369(E) dated January 30, 2024, regarding the constitution of the Sixteenth Finance Commission.

Impact Analysis

Government

  • The appointment contributes to the timely completion and submission of the Finance Commission's report, which is crucial for fiscal planning.

Sixteenth Finance Commission

  • The commission needs to ensure Dr. Panda assumes office promptly to contribute to the ongoing work.

States

  • States should monitor the progress of the Sixteenth Finance Commission and prepare to present their fiscal needs and perspectives to the commission.

General Public

  • The public benefits from a well-functioning Finance Commission that ensures fiscal stability and equitable resource distribution.

Key Entities Referenced

President of India: The appointing authority for the member of the Sixteenth Finance Commission, acting under the powers conferred by Article 280 of the Constitution and the Finance Commission (Miscellaneous Provisions) Act, 1951. Sixteenth Finance Commission: A constitutional body responsible for making recommendations on the distribution of tax revenues between the Union and the States. Dr. Manoj Panda: The newly appointed full-time member of the Sixteenth Finance Commission, former Director of the Institute of Economic Growth. Article 280 of the Constitution: Constitutional provision that provides for the establishment of a Finance Commission. Finance Commission (Miscellaneous Provisions) Act, 1951: Legislation that supplements the constitutional provisions relating to the Finance Commission. Ministry of Finance (Department of Economic Affairs): The ministry responsible for issuing the notification and overseeing the functioning of the Finance Commission. Notification No. S.O.5533 (E) dated 31.12.2023: Previous notification related to the constitution of the Sixteenth Finance Commission. Notification No. S.O.369 (E) dated 30.01.2024: 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 सी.जी.-डी.एल.-अ.-05042024-253562 CG-DxLx-xEG-I0D5H0x4x2x0 24-253562 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.ं 1542] नई दिल्ली, िुक्रिार, अप्रलै 5, 2024/चत्रै 16, 1946 No. 1542] NEW DELHI, FRIDAY, APRIL 5, 2024/CHAITRA 16, 1946 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) अजधसचू ना नई दिल् ली, 5 अप्रलै , 2024 का.आ. 1625(अ).—राष्‍टर पजत ाारा दकए गए जननन जलजखत आिेि क सामा्‍ य िानकारी के जलए प्रकाजित दकया िाना ह:ै- आिेि राष्ट्रपजत, जित्त आय ग (प्रकीणि उपबंध) अजधजनयम, 1951 (1951 का 33), के उपबंधों के साथ पठित संजिधान के अनुच्छेि 280 के खण्ड (1) के अनुसरण में, जनम्नजलजखत क स लहिें जित्त आय ग के सिस्ट्य के रूप में जनयक्तु करते हैं, अथाित:् - डॉ. मन ि पांडा, पूिि जनिेिक, आर्थिक जिकास संस्ट्थान पूणिकाजलक सिस्ट्य 2. आय ग के उपर क्त सिस्ट्य कायिभार ग्रहण करन े की तारीख से ठरप र् ि प्रस्ट्ततु करन े की तारीख या 31 अक्र्ूबर, 2025 तक, इनमें से ि भी पहले ह , पि पर बन े रहगें े। 2431 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3. यह आििे स लहिें जित्त आय ग के गिन के संबंध में दिनांक 31.12.2023 की अजधसूचना सं. का.आ. 5533(अ) और दिनांक 30.01.2024 की अजधसूचना सं. का.आ. 369(अ) के क्रम म ेंह।ै हस्ट्त /- द्रौपिी मुम,ुि राष्‍टर पजत नई दिल् ली, दिनांक 5, अप्रलै 2024 [फा. स.ं 10(2)-बी(एस)/2022] सुरजभ िैन, संयुक् त सजचि MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 5th April, 2024 S.O. 1625(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 the following as Member of the Sixteenth Finance commission, namely:- Dr. Manoj Panda, former Director, Institute of Economic Growth Full-time Member 2. The above member of the Commission shall hold office from the date of assuming 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 and Notification No. S.O.369 (E) dated 30.01.2024 with respect to constitution of Sixteenth Finance Commission. Sd/- Droupadi Murmu, PRESIDENT New Delhi, Dated 5th April, 2024 [F. No. 10(2)-B(S)/2022] SURBHI JAIN, Jt. Secy. 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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