Former Ajay Narayan Jha Friday joined the 15th Finance Commission as a member, pursuant to the resignation of Shaktikanta Das.
"Ajay Narayan Jha today joined the Fifteenth Finance Commission as its member. He joins in place of Shaktikanta Das who had resigned as a member of the Commission after being appointed as governor, Reserve Bank of India," an official statement said.
Jha had also served as the secretary to the 14th Finance Commission which was headed by former RBI Governor Y V Reddy.
Set up in November, 2017, the 15th Finance Commission, headed by former Planning Commission member N K Singh, is mandated to recommend distribution of net proceeds of taxes between the Union and the states, for a period of five years - April, 2020 to March, 2025, among others.
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