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16th Finance Commission Submits Report for 2026–31
November 21 , 2025
16 hrs 0 min
21
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- The 16th Finance Commission, chaired by economist Arvind Panagariya, has submitted its report to the President of India.
- The Finance Commission recommends the basis for distributing taxes between the Union government and the states.
- The report covers the 5 years from April 1, 2026, to March 31, 2031.
- The Union Cabinet approved the terms of reference for the 16th Finance Commission on November 29, 2024.
- The Commission was expected to submit its report by October 31, 2025, as per the approved schedule.
- The Commission was also tasked with suggesting principles for grants-in-aid and measures to strengthen financial resources for panchayats and municipalities.
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