The 16th Finance Commission was constituted on December 31, 2023. It is responsible for reviewing and recommending the revenue-sharing model between the central and state governments for a five-year period starting from April 1, 2026. The Finance Commission would hold a series of meetings with the Chief Minister Lalduhoma, his cabinet colleagues, government officials, political parties, three Autonomous District Councils (ADCs), local bodies, trade and industry representatives and Village Councils. Based on their assessment, they would submit recommendations to the Union government. The Commission would visit key locations including Zoram Medical College and Hospital in Falkawn, as well as Thenzawl and Serchhip, where they would visit the Handloom Centre and other important sites. They would also visit the Hunthar Veng landslide-affected area. The commission will be based on its assessment and will submit its report to the government of India on February 23, 2025. The meeting will take place at the Raj Bhavan in Aizawl, Mizoram.
The 16th Finance Commission was constituted on December 31, 2023. It i….
