❖ The Sixteenth Finance Commission, led by Arvind Panagariya, set up a fivemember Advisory Council.

❖ It is 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 other members are:

o D.K. Srivastava

o Neelkanth Mishra

o Pranjul Bhandari

o Rahul Bajoria.