The government has appointed former expenditure secretary Ajay Narayan Jha and SBI Group Chief Economic Advisor Soumya Kanti Ghosh, along with two other members, to the newly-formed 16th Finance Commission. Arvind Panagariya, former vice chairman of Niti Aayog, is appointed as the chairman. The commission will have four members, assisted by Secretary Ritvik Ranjanam Pandey, two joint secretaries, and one economic advisor.
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