- Prolongation of the deadline of the 16 th Finance Commission: The Government of India has provided a further extension of the deadline of the 16 th Finance Commission to 30 November 2025.
- Chairperson: Arvind Panagariya is the Commission chairperson.
- Mandate: Recommends tax revenue allocation between Centre and States in 20262031, and the fiscal mechanism of disaster management.
- Constituted On: 31 December 2023 as a constitutional institution under Article 280.
Month: Current Affairs - October 17, 2025
Category: CURRENT AFFAIRS NATIONAL AND STATE NEWS