NEW DELHI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar was Saturday appointed as a part time member of the 16th Finance Commission, a finance ministry statement said. He will hold office from the date of assuming charge until the submission of the commission’s report or Oct 31, 2025, whichever is earlier.Sankar’s appointment…
A key change in the 16th Finance Commission lineup was announced on Saturday with RBI Deputy Governor T Rabi Sankar appointed as a part-time member, following the resignation of Ajay Narayan Jha on personal grounds.In a notification issued by the Department of Economic Affairs, the Finance Ministry stated, “In pursuance of clause (1) of article…
Arvind Panagariya (File photo) NEW DELHI: India’s aim to emerge as a developed country by 2047 is a ” realisable ambition”, said Arvind Panagariya, chairman of the 16th Finance Commission, while also stressing that the country’s per capita income would need to grow at 7.3% in dollar terms to achieve the threshold of $14,000 over…