Arvind Panagariya appointed as Chairman of 16th Finance Commission
The Central Government has appointed Arvind Panagariya as the Chairman of the 16th Finance Commission. Arvind Panagariya is an Indian-American economist and professor of economics at Columbia University. He has previously served as the Vice Chairman of the NITI Aayog, an Indian think tank.

Significance of the Appointment
- Arvind Panagariya's appointment as the Chairman of the 16th Finance Commission is significant as the Commission plays a crucial role in determining the distribution of financial resources between the Centre and the States.
- The Finance Commission is a constitutional body that is tasked with recommending the distribution of tax revenues between the Centre and the States, as well as other fiscal matters.

Role of the Finance Commission
- The Finance Commission is responsible for making recommendations on the sharing of tax revenues between the Centre and the States, as well as grants-in-aid to States.
- The Commission also makes recommendations on financial arrangements between the Centre and the States, debt consolidation and fiscal discipline, among other things.

Arvind Panagariya's Expertise
- Arvind Panagariya brings with him a wealth of experience in economics and public policy, having served in various capacities both in India and abroad.
- His expertise in economics and his understanding of fiscal matters make him well-suited to lead the 16th Finance Commission and make recommendations that will benefit the Indian economy.
In conclusion, Arvind Panagariya's appointment as the Chairman of the 16th Finance Commission is a significant development that highlights the importance of fiscal matters in India. His expertise and experience make him a suitable candidate to lead the Commission and make recommendations that will shape the country's financial landscape.