Explanation
The correct answer is C: Y.V. Reddy
Y.V. Reddy was the Chairman of the Fourteenth Finance Commission. The Commission was constituted in January 2013 to review the fiscal situation of the country and recommend the devolution of funds from the central government to the states. The Commission submitted its report in December 2014.
The members of the Fourteenth Finance Commission were:
Y.V. Reddy (Chairman)
Prof. Abhijit Sen (Member)
Dr. M. Govinda Rao (Member)
Sudipto Mundle (Member)
Dr. Shrihari Khatoon (Member)
Y.V. Reddy, who is a retired civil servant, served as the Governor of the Reserve Bank of India (RBI) from 2003 to 2008. He is known for his contributions to Indian public policy, particularly in the fields of fiscal policy and financial sector regulation.
