New Delhi: The Prime Minister Narendra Modi on Monday met a delegation of the 16th Finance Commission (XVIFC) members led by the Chairman of the Commission, Dr Arvind Panagariya.

The commission presented a copy of its report covering a period of five years commencing on the 1st day of April, 2026 making recommendations on the distribution of the net proceeds of taxes between the Union and the States as well as the allocation between the States of the respective shares of such proceeds, grants-in-aid to States, review arrangements on financing Disaster Management initiatives, and others.

“Met a delegation of the 16th Finance Commission members led by Arvind Panagariya, the Chairman of the Commission,” the Prime Minister wrote on X.

Earlier, the XVIFC members submitted their Report to the

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