Archive · 7 Jun 2025
RBI's T. Rabi Sankar Appointed to Finance Commission
The Indian government has a special group, the Finance Commission, that helps decide how money is shared between the central government and different states.
A new person, T. Rabi Sankar, who works at India's central bank (RBI), will now be a part-time member of this group.
He's filling in for someone who left.
The Finance Commission, led by Arvind Panagariya, gives advice on how tax money should be split up.
Mr. Sankar will be part of the commission until it finishes its report, which is expected by October 31, 2025.
T. Rabi Sankar, RBI Deputy Governor, appointed as part-time member.
Sankar replaces Ajay Narayan Jha, who resigned from the commission.
The appointment is effective until the commission's report submission or October 31, 2025.
Arvind Panagariya chairs the 16th Finance Commission.
The commission makes recommendations on tax revenue distribution.
- Who
- T. Rabi Sankar, Arvind Panagariya (chair), Ajay Narayan Jha (former member), and members of the 16th Finance Commission.
- What
- Appointment of T. Rabi Sankar as part-time member of the 16th Finance Commission.
- When
- Appointment announced recently; term ends October 31, 2025, or upon report submission.
- Where
- India
- Why
- To fill the vacancy left by Ajay Narayan Jha's resignation.
- Appointee
- T. Rabi Sankar
- Role
- Part-time Member, 16th Finance Commission
- Replaces
- Ajay Narayan Jha
- Commission Chair
- Arvind Panagariya
- Term Ends
- October 31, 2025, or upon report submission
