In a significant development under the Azadi Ka Amrit Mahotsav celebrations, the Sixteenth Finance Commission (XVIFC) has submitted its comprehensive report to the President of India, outlining fiscal recommendations for the period from 2026-27 to 2030-31.

The report, prepared in line with Article 280 of the Constitution, addresses key aspects of resource sharing between the Union and States, aiming to strengthen India’s federal financial framework.

Led by Chairman Dr Arvind Panagariya, the Commission presented the report to President Droupadi Murmu at Rashtrapati Bhavan. Accompanying the Chairman were members Smt. Annie George Mathew, Dr Manoj Panda, Shri T. Rabi Sankar, and Dr Soumyakanti Ghosh, along with Secretary Shri Ritvik Pandey. Following the submission, the team also shared cop

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