RBI Deputy Governor T. Rabi Sankar appointed part-time Member of the 16th Finance Commission
The President appointed RBI Deputy Governor T. Rabi Sankar as a part-time Member of the 16th Finance Commission, the Finance Ministry announced on 7 June 2025.
Summary
T. Rabi Sankar, Deputy Governor of the Reserve Bank of India, was appointed by the President as a part-time Member of the 16th Finance Commission (XVIFC), the Ministry of Finance announced on 7 June 2025. He will hold office from the date of assuming charge until the Commission submits its report or 31 October 2025, whichever is earlier. The appointment follows the resignation of full-time Member Ajay Narayan Jha on personal grounds. The 16th Finance Commission was constituted on 31 December 2023 with former NITI Aayog Vice-Chairman Dr. Arvind Panagariya as Chairman, and must submit its recommendations by 31 October 2025 for the five-year award period starting 1 April 2026.
Key facts
- Appointee
- T. Rabi Sankar, RBI Deputy Governor
- Post
- Part-time Member, 16th Finance Commission
- Announced
- 7 Jun 2025
- Vacancy
- Resignation of Ajay Narayan Jha
- Chairman
- Dr. Arvind Panagariya
- Report due
- 31 Oct 2025; award period from 1 Apr 2026
Practice MCQs 3 questions
Who was appointed a part-time Member of the 16th Finance Commission, as announced on 7 June 2025?
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Correct answer: B — T. Rabi Sankar
RBI Deputy Governor T. Rabi Sankar was appointed by the President as a part-time Member of the 16th Finance Commission.
Who is the Chairman of the 16th Finance Commission?
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Correct answer: C — Arvind Panagariya
The 16th Finance Commission was constituted on 31 December 2023 with former NITI Aayog Vice-Chairman Dr. Arvind Panagariya as its Chairman.
Consider the following statements about the 16th Finance Commission: 1. T. Rabi Sankar was appointed as a full-time Member of the Commission in June 2025. 2. The Commission's award period is the five years beginning 1 April 2026. Which of the above is/are correct?
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Correct answer: B — 2 only
Statement 1 is incorrect: T. Rabi Sankar was appointed as a part-time Member. Statement 2 is correct: the Commission must recommend for the five-year award period starting 1 April 2026.