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Who is the Chairman of the 14th Finance Commission?

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RPF SI (2018) Official Paper (Held On: 19 Dec 2018 Shift 3)
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  1. Mr. C. Rangarajan
  2. Shri N.K.Singh
  3. Dr. Y. V. Reddy
  4. Dr. Vijay L. Kelkar

Answer (Detailed Solution Below)

Option 3 : Dr. Y. V. Reddy
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The correct answer is Dr. Y. V. Reddy.

In News

  • Dr. Y. V. Reddy was appointed as the Chairman of the 14th Finance Commission of India.

Key Points

  • Dr. Y. V. Reddy served as the Governor of the Reserve Bank of India (RBI) from 2003 to 2008.
  • He has a rich experience in public finance and monetary policy.
  • The 14th Finance Commission was constituted by the President of India on January 2, 2013.
  • Finance Commission of India
    • Established under Article 280 of the Indian Constitution.
    • Role - To define the financial relations between the central government and the individual state governments.
    • It is appointed every five years.

Additional Information

  • Mr. C. Rangarajan
    • He served as the Governor of the Reserve Bank of India from 1992 to 1997.
    • He was the Chairman of the 12th Finance Commission.
  • Shri N.K. Singh
    • He is a renowned Indian economist, politician, and former Indian Administrative Service officer.
    • He is the Chairman of the 15th Finance Commission.
  • Dr. Vijay L. Kelkar
    • He served as the Chairman of the 13th Finance Commission.
    • He has also been an advisor to the Ministry of Finance.

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