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RBI Deputy Governor T Rabi Sankar Appointed to 16th Finance Commission

His term runs until the panel led by Arvind Panagariya delivers recommendations on centre-state finances by October 31, 2025.

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File Photo (Photo: ANI)
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Overview

  • The finance ministry said the President appointed RBI Deputy Governor T Rabi Sankar as a part-time member of the 16th Finance Commission on June 7, 2025.
  • He fills the vacancy left by full-time member Ajay Narayan Jha, who stepped down for personal reasons.
  • Sankar will serve until the commission submits its report to the President by October 31, 2025.
  • The panel is chaired by former Niti Aayog vice chairman Arvind Panagariya and includes two full-time and two part-time members.
  • Its recommendations will cover centre-state tax devolution, revenue augmentation measures, and financing disaster management for the five years starting April 1, 2026.