Former Finance Secretary Ajay Narayan Jha on Friday took charge as Member of the 15th Finance Commission in place of Shaktikanta Das, who resigned after being appointed as Governor of the Reserve Bank of India in December 2018.

Jha, a 1982 batch IAS officer of Manipur cadre, had earlier served as Secretary to the 14th Finance Commission which was headed by former RBI Governor Y V Reddy.

The 15th Finance Commission was constituted by a Presidential order in November 2017 under the Chairmanship of N K Singh to decide the formula for devolution of revenue between the Centre and states for a period of 5 years: April 2020 to March 2025.

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