The Government of India has appointed Reserve Bank of India Deputy Governor T. Rabi Sankar as a part-time member of the 16th Finance Commission. He replaces Ajay Narayan Jha, who resigned from the commission citing personal reasons.

Key Highlights:

1. T. Rabi Sankar has been appointed as a part-time member of the 16th Finance Commission, chaired by Dr. Arvind Panagariya.

2. He replaces former full-time member Ajay Narayan Jha, who resigned due to personal reasons.

3. Sankar’s term will last until the Commission submits its report or till October 31, 2025, whichever is earlier.

4. The 16th Finance Commission is tasked with making recommendations on the financial relations between the Centre and the States for the period beyond 2026.

5. Sankar’s appointment brings deep central banking and economic policy expertise to the Commission’s deliberations.