Ministry of Finance Announcement: Appointment of Member to the 16th Finance Commission

The Ministry of Finance announced that a new Member will be appointed to the 16th Finance Commission following the inability of Dr. Niranjan Rajadhyaksha to take up the role originally assigned to him.

• Dr. Niranjan Rajadhyaksha, Executive Director, Artha Global, was initially appointed as a Member in the 16th Finance Commission on 31.01.2024.
• Dr. Rajadhyaksha cited unforeseen personal circumstances for his inability to fulfill the responsibilities.
• An action will be taken to appoint a replacement Member for the Commission.

Potential Exam Questions:

• Who was appointed as a Member to the 16th Finance Commission before Dr. Niranjan Rajadhyaksha?
• What were the reasons stated for Dr. Rajadhyaksha's inability to continue as a Member of the Commission?
• How will the Ministry of Finance proceed to appoint a new Member to the 16th Finance Commission?

The appointment of Members to key government bodies holds significant implications for policy-making and financial decision processes.

Summary:

The Ministry of Finance has announced the appointment of a new Member to the 16th Finance Commission following Dr. Niranjan Rajadhyaksha's resignation due to unforeseen personal circumstances. This development underscores the importance of timely and strategic appointments in government bodies for effective decision-making.