Govt appoints RBI DG T Rabi Sankar as 16th Finance Commission member

NEW DELHI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar was Saturday appointed as a part time member of the 16th Finance Commission, a finance ministry statement said. He will hold office from the date of assuming charge until the submission of the commission’s report or Oct 31, 2025, whichever is earlier.Sankar’s appointment is to fill the vacancy created by the resignation of one of the full-time members of the commission, Ajay Narayan Jha, on personal grounds.The commission was constituted on Dec 31, 2023. The commission is mandated to submit its recommendations by Oct 31, 2025, for the award period of five years, commencing from April 1, 2026.