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### Arvind Panagariya Appointed as the Chairman of the 16th Finance Commission by the Central Government

**Arvind Panagariya Appointed as the Chairman:**

The Central government has taken a significant step by appointing former NITI Aayog Vice Chairman Arvind Panagariya as the Chairman of the 16th Finance Commission. This move underscores the government’s commitment to proficient leadership in matters related to fiscal planning and economic development.

**Ritvik Ranjanam Pandey as the Secretary to the Commission:**

In addition to the appointment of Arvind Panagariya, the Ministry of FinanceÔÇÖs Department of Economic Affairs has announced the appointment of Indian Administrative Service (IAS) officer Ritvik Ranjanam Pandey as the secretary to the Commission. This decision reflects the government’s focus on aligning the Commission with individuals having a strong administrative background.

**Notification Details:**

According to the notification issued by the Ministry of Finance, the Chairman and other members of the Commission are expected to serve until the submission of the Report on or before October 31, 2025. The notification also outlines the specific matters that the Commission is tasked to make recommendations on, including the distribution of net proceeds of taxes between the Union and the States, principles governing grants-in-aid of State revenues, and measures to augment the Consolidated Fund of a State for the benefit of Panchayats and Municipalities.

### How AI legalese decoder Can Help

The AI legalese decoder can be an invaluable tool for reviewing and analyzing the complex legal and administrative terminologies present in the notifications and Terms of Reference for the 16th Finance Commission. The AI-powered platform can assist in deciphering the intricate legal language, provide comprehensive explanations of the specific matters and recommendations outlined in the notifications, and offer a deeper understanding of the constitutional and financial implications.

Furthermore, the AI platformÔÇÖs ability to process large volumes of legal text and decode complex legal terminologies can aid in rapidly extracting, summarizing, and organizing the key insights and recommendations put forth by the Finance Commission. This can enable stakeholders, policymakers, and legal professionals to efficiently comprehend and navigate the intricate details of the CommissionÔÇÖs mandate and initiatives, thereby facilitating informed decision-making and strategic planning.

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