RBI Deputy Governor T. Rabi Sankar has been appointed as a part-time member of the 16th Finance Commission, the finance ministry said on Saturday.
The appointment, the ministry said, “is consequent to the resignation of one of the full-time members, former Finance Secretary Ajay Narayan Jha, on personal grounds”.
"The President has appointed T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC)," the ministry said in a statement.