The Sixteenth Finance Commission has constituted a 5-member Advisory Council including, Economic Advisory Council to the Prime Minister (EAC-PM) part-time member Neelkanth Mishra, National Council of Applied Economic Research (NCAER) Director General Poonam Gupta and Ernst and Young Chief Policy Advisor DK Srivastava.
Gupta will be the Convenor of the Advisory Council, the Finance Ministry said in a statement on July 9.
The other members in the advisory council are HSBC Securities & Capital Markets (India) Private Limited Chief India Economist Pranjul Bhandari and Barclays Investment Bank Head of emerging markets Asia Rahul Bajoria.
“The Advisory Council will help broaden the sixteenth Finance Commission's ambit and understanding by seeking the best national and international practices on matters pertaining to fiscal devolution and improving the quality, reach, and enforcement of its recommendations,” it said. It will also assist in the preparation of papers or research studies and to monitor or assess studies commissioned by the Finance Commission, thereby enhancing the Commission's understanding of the issues, it added.
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