The Commission's Chairman Arvind Panagariya, along with Members Annie George Mathew, Manoj Panda, T. Rabi Sankar, Soumyakanti Ghosh and Secretary Ritvik Pandey, met the President on Monday to formally hand over the report.
The central government on Tuesday released funds under the Fifteenth Finance Commission (XV FC) grants for rural local bodies in Uttar Pradesh and Andhra Pradesh for the financial year 2024-25.
India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.