Finance Commission submits report to President Murmu

THE 16TH FINANCE Commission (XVI FC), chaired by Arvind Panagariya, submitted its report for the 2026-31 award period to President Droupadi Murmu on Monday, marking the culmination of nearly two years of fiscal analysis and consultations.

- FE BUREAU

Acopywasalso presented to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

The recommendations cover tax devolution, grants-in-aid and otherfiscal transfers for the next five years.

Duringits deliberations, the Commission conducted acomprehensive review of Union and state finances.

It held consultations with central and state governments, local bodies, former Finance Commission members, academic institutions, multilateral agencies and other experts.