Current Affairs - Persons - Discussion

Shri Ajay Narayan Jha joined the 15th Finance Commission as its Member in place of Shri Shaktikanta Das who had resigned as a Member of the Commission after being appointed as Governor of the Reserve Bank of India (RBI). A 1982 batch IAS officer of Manipur cadre, he was the Finance Secretary to the Government of India and has also served as Secretary to the 14th Finance Commission, headed by former RBI Governor, Shri Y.V. Reddy. The 15th Finance Commission was constituted by a Presidential Order in November, 2017 under the Chairmanship of Shri 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.