the award will be spread over six years from april 2020 to march 2026 the commission has already submitted its first report with the award covering the current financial year 202021who are the membersthe commission is chaired by n k singh a former civil servant who was part of manmohan singhs reforms team in the finance ministry and a member of atal bihari vajpayees pmo he was also a rajya sabha memberbesides singh the other members of the panel are ashok lahiri former chief economic adviser anoop singh adjunct professor georgetown university ajay narayan jha former finance secretary ramesh chand niti aayog is a parttime member and arvind mehta civil servant serves as the secretaryhow is the ffc different from its predecessorsapart from the tenure it is dealing with some unique terms of reference especially those related to reformslinked incentives in addition it has to do a balancing act given that it will use census 2011 as the population base for its award the change in base from 1971 census had resulted in a protests from the southern states that fear an adversely impact due to the gains they have made the biggest challenge for the panel is the current pandemic which has resulted in massive shortfall in revenue for the centre and the states making it tough for ffc to decide on the base year also there is considerable uncertainty on the pace and evenness of the economic recovery making estimation of growth taxes and spending a tough task