The Union Cabinet has approved the creation of posts for the Sixteenth Finance Commission in India. Earlier, Arvind Panagariya was appointed as the head of the commission, with Ritwik R Pandey chosen as the secretary. The Finance Commission is responsible for dividing tax revenues between the central government and the states, and its recommendations will be in effect from April 1, 2026, to March 31, 2031. Read The Rest at :
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