14th Finance Commission
The Commission, chaired by former Vice President of the NITI Commission, is chaired by Arvind Pangadhia. He assists secretary Ritwik Pandey, two joint secretaries and one financial adviser. The 7th Finance Commission was established on December 7. His chairman is Arvind Panagadia, former Vice President of the Commission. The Commission is expected to submit their recommendations by October 1, which will be applicable for the five -year period, starting on April 1.
The Finance Commission is a constitutional institution that suggests the central-state economic relations. N.K. Under the chairmanship of Singh, the last 8 Finance Commission had recommended to give 5 percent of the divisible tax pools of the Center to the states during the five-year period of 3-5 to 5-7, G. YV. The 8th Finance Commission under the chairmanship of Reddy is the same as the recommended level.
T. Who are Ravi Shankar?
In April, the central government T.K. Rabi Shankar was appointed for the second time as the Deputy Governor of the Reserve Bank of India (RBI), which was implemented from May 7. He was first appointed for the first time in May 1 for a three -year period and was given a one -year extension in May 1. Shankar is currently the head of 3 departments in the RBI. In January this year, he was given additional charge of the financial market regulation and fintech department.
They also supervise currency management, external investment and operations and foreign exchange departments. He has played an important role in the development of Central Bank Digital Currency (CBDC). Since joining the RBI in 1979, Shankar has held several senior positions, including the Executive Director of Payment, IT and Risk Management.
He served as a consultant in the International Monetary Fund (IMF) from 1 to 2, focusing on government bond market and debt management. He also served as the Chairman of Indian Financial Technology and Services (IFTAT). Former student of Jawaharlal Nehru University, T.K. Ravi Shankar has made an M. Film in economics.
