T. Rabi Sankar Appointed as part-time Member of 16th Finance Commission

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The President has appointed Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16^th Finance Commission (XVIFC). He shall hold office from the date of assuming charge until the submission of the Commission’s Report or 31^st October, 2025, whichever is earlier.

The appointment of Shri T. Rabi Sankar is consequent to the resignation of one of the full-time Members of the XVIFC, Shri Ajay Narayan Jha, on personal grounds.

The XVIFC was constituted on 31^st December, 2023, with Dr. Arvind Panagariya, former Vice-Chairman of NITI Aayog, as its chairman. The XVIFC is mandated to submit its recommendations by 31^st October, 2025, for the award period of five years commencing from 1^st April, 2026.