Arrange the following according to appointment of chairman of Finance Commission (earlier to latest):
A. Arvind Pangariah
B. K. C. Neogy
C. K. Brahmanand Reddy
D. N. K. P. Salve
Choose the correct answer from the options given below:

Correct option is A

Correct Answer: (a) B, C, D, A
Explanation: Under Article 280 of the Constitution of India, the President constitutes a Finance Commission every five years (or earlier) to recommend the principles governing the vertical and horizontal sharing of divisible tax revenues between the Union and the States.
Information Booster:
· B. K. C. Neogy (1st Finance Commission - 1951): Appointed as the Chairman of the First Finance Commission of independent India, covering the recommendation period of 1952–57.
· C. K. Brahmanand Reddy (6th Finance Commission - 1972): Appointed to head the Sixth Finance Commission, whose recommendations covered the period of 1974–79.
· D. N. K. P. Salve (9th Finance Commission - 1987): Appointed as the Chairman of the Ninth Finance Commission, which submitted two reports covering the periods 1989–90 and 1990–95 using a normative approach.
· A. Arvind Panagariya (16th Finance Commission - December 2023): Appointed by the Government of India as the Chairman of the 16th Finance Commission to formulate tax distribution recommendations for the 2026–27 to 2030–31 period.
Additional Knowledge:
· The 16th Finance Commission was tasked with reviewing current disaster management financing arrangements under the Disaster Management Act, 2005, in addition to statutory devolution shares.