The government has appointed former expenditure secretary Ajay Narayan Jha and SBI Group Chief Economic Advisor Soumya Kanti Ghosh, along with two other members, to the newly-formed 16th Finance Commission. Among the appointed members, Ajay Narayan Jha, who also served in the 15th Finance Commission; retired bureaucrat Annie George Mathew; and Artha Global Executive Director Niranjan Rajadhyaksha will serve as …
The Central government has appointed noted economist and well-known advocate of free markets, Arvind Panagariya, as the chairman of the 16th Finance Commission. While it is important to ensure that each citizen gets financial support from the Central government, another argument is that any further increase would serve as a disincentive to state governments in taking sound financial decisions. Currently, …
