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The appointment of Manoj Panda means that the finance commission is now at full strength and can begin its work in earnest, which includes deliberations with economists and experts as well as visits to states and discussions with local and municipal bodies to get a comprehensive picture of their financial issues.
The government had announced the membership of the Arvind Panagariya-led 16th Finance Commission on January 31
The Ministry said action will be taken to appoint a member of the 16th Commission in lieu of Niranjan Rajadhyaksha.
The meeting reviewed Terms of Reference (ToR) for the panel and decided to undertake extensive consultations with diverse stakeholders
Anil Kumar Lahoti's move from Railway Board to TRAI demonstrates leadership versatility