16th Finance Commission sets up five-member Advisory Council: What are its role and functions?

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The Sixteenth Finance Commission, led by Arvind Panagariya, set up a five-member Advisory Council aimed at expanding the scope of the Commission’s work. This panel will be chaired by Poonam Gupta, who currently serves as the Director General of the National Council of Applied Economic Research (NCAER). The council’s formation is a strategic move to leverage expert insights and ensure a comprehensive approach to the Commission’s objectives.