The government on Wednesday appointed three full-time and one part-time member of the 16th Finance Commission, which was constituted on December 31, 2023.... “ The Sixteenth Finance Commission has been requested to make its recommendations available by October, 31, 2025, covering an award period of five years commencing April 1, 2026, ” a press statement by the ministry of finance said.... The government had appointed former NITI Aayog vice-chairman Arvind Panagariya as chairman of the panel a

Stocks have tumbled this month, which is on track to be their worst of the year, as the realization sets in that the Federal Reserve will indeed keep interest rates high for a long time.... That growing understanding has sent yields in the bond market to their highest levels in more than a decade, which in turn has undercut prices for stocks and other investments. Treasury yields rose again Thursday following a mixed batch of reports on the economy.... The yield on the 10-year Treasury edged u