Ajay Narayan Jha joins as Member, Finance Commission

Speed Post News Network

New Delhi : Ajay Narayan Jha, a retired IAS officer, on March 1, 2019, joined the Fifteenth Finance Commission as its Member. He joins in place of Shaktikanta Das, who had resigned as a Member of the Commission after being appointed as Governor, Reserve Bank of India (RBI).

Prior to joining the Commission,  Jha, a 1982 batch IAS officer of Manipur cadre, was the Finance Secretary to the Government of India. Earlier, he had also served as Secretary to the Fourteenth Finance Commission which was headed by former RBI Governor Y V Reddy. Jha was scheduled to retire on January 31, 2019, but was given an extension of one month.

The Fifteenth Finance Commission was constituted by a Presidential Order in November, 2017 under the Chairmanship of N K Singh to decide the formula for devolution of revenue between Centre and States, for a period of 5 years – April, 2020 to March, 2025, according to a PIB release.