CURRENT AFFAIRS   16TH FINANCE COMMISSION REPORT – The 16th Finance Commission (16th FC), chaired by Arvind Panagariya, has submitted its report for the award period 2026-31. The recommendations, tabled in Parliament alongside the Union Budget 2026-27, signal a significant shift from “entitlement-based” transfers to “compliance-driven” fiscal federalism. Summary The 16th FC retains states’ tax … Continue reading 5  February 2026 ­­