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RBI Deputy Governor T. Rabi Sankar Appointed as Part-Time Member of 16th Finance Commission.

Appointment | Dated: 15 Jun 2025

In June 2025, T. Rabi Sankar, currently serving as Deputy Governor of the Reserve Bank of India (RBI), Mumbai, Maharashtra, was appointed as a part-time member of the 16th Finance Commission (XVI FC).

🎯 Key Highlights:

  • - He will serve in this role from the date of appointment until the submission of the Commission’s report or October 31, 2025, whichever is earlier.
  • - He was appointed by the President of India, Droupadi Murmu, based on the recommendation of the Department of Economic Affairs (DEA), Ministry of Finance (MoF).
  • - The official notification was issued under Clause (1) of Article 280 of the Constitution of India, read with provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 (33 of 1951).

💡 Other Important Facts:

  • (i) The appointment of T. Rabi Sankar follows the resignation of Ajay Narayan Jha, one of the full-time members of the 16th Finance Commission, who stepped down due to personal reasons.
  • (ii) The 16th Finance Commission was constituted by the Government of India (GoI) in 2023, under the chairmanship of Arvind Panagariya, former Vice-Chairman of NITI Aayog.
  • (iii) The Commission is expected to submit its recommendations by October 31, 2025, and those will be applicable for a five-year period beginning April 1, 2026.

📚 Test Your Knowledge:

Who was recently appointed as a part-time member of the 16th Finance Commission?

Correct Answer: T. Rabi Sankar

🚀 Quick Recap:

About RBI

  • Governor : Sanjay Malhotra
  • Headquarter : Mumbai