The Centre has appointed former expenditure secretary Ajay Narayan Jha and SBI Group chief economic advisor Soumya Kanti Ghosh, and two other members of the newly-constituted 16th Finance Commission. Chaired by former vice chairman of Niti Aayog Arvind Panagariya, the commission will have 4 members, who will be assisted by secretary Ritvik Ranjanam Pandey, two joint secretaries and one economic advisor. Besides Jha, retired bureaucrat Annie George Mathew and Artha Global Executive Director Niranjan Rajadhyaksha have been appointed as full-time members of the 16th Finance Commission.

“The chairman and other members of the commission shall hold office from the date on which they assume office up to the date of submission of report or October 31, 2025, whichever is earlier,” the finance ministry’s statement read.