New Delhi: The Union Cabinet recently approved the establishment of three Joint Secretary level positions to assist the 16th Finance Commission in fulfilling its functions. The decision, made during a Cabinet meeting, includes the creation of two Joint Secretary posts and one Economic Adviser post, as stated by the government.
According to an official statement, these newly established positions are deemed essential to support the commission in executing its duties. All other requisite positions within the commission have already been established under delegated powers.
Arvind Panagariya has been appointed as the Chairman of the 16th Finance Commission, with Ritwik R Pandey slated to serve as the commission’s Secretary. Further appointments for additional members are pending. The Finance Ministry has also opened applications for various officer and employee positions within the commission.
The commission is set to submit its comprehensive report to the President by October 31, 2025, covering a five-year period from April 1, 2026. In addition to recommending tax devolution between the Centre and States, the report will address revenue augmentation measures and review the existing financing arrangements for disaster management initiatives, focusing on funds established under the Disaster Management Act, 2005.
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