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The Sixteenth Finance Commission (XVIFC), led by noted economist Dr. Arvind Panagariya, submitted its report for the 2026–27 to 2030–31 award period to President Droupadi Murmu on Monday. The panel’s recommendations will shape how Union tax revenues are shared with states over the next five years, a key determinant of fiscal stability for both levels of government.

Commission members Annie George Mathew, Dr. Manoj Panda, T. Rabi Sankar and Dr. Soumyakanti Ghosh, along with Commission Secretary Ritvik Pandey, were present during the submission. After meeting the President, the panel handed over copies of the report to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman.

Constituted under Article 280 of the

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