Budget 2026 to incorporate recommendations of 16th Finance CommissionThe Union Budget 2026 will include recommendations from the 16th Finance Commission. This constitutional body has submitted its report on t...
FY26 Budget-making process to start in second week of OctoberThe finance ministry has announced that pre-Budget meetings for the 2025-26 Budget will begin in the second week of October and run through...
Why 16th Finance Commission must think innovatively about fund allocationThe 16th FC faces a formidable challenge. Is 41% the appropriate allocation, or does it warrant an increase or decrease? Shouldn't all cent...
Why local bodies mandatorily receiving grants from Finance Commission makes no senseThe magnitude of transfers to local bodies has only increased without recommendations from SFCs. Since earlier FCs have allocated grants to...
View: 15th FC support for urban local governments must deliver better, by giving them more autonomyOf Rs 4,36,361 crore grants recommended for local governments (LBs), Rs 8,000 crore are performance based incubation grants for 8 new citie...
15th Finance Commission submits report to Finance Minister Nirmala SithatramanThe report titled ‘Finance Commission in Covid Times’, will be laid on the table in the House of Parliament by the finance minister along w...
View: India needs empowered cities to nurture elected mayors for top political jobsIndia needs a political system enabling dozens of politicians to prove their capabilities as mayor of cities, some of which have population...
15th Finance Commission report: States call for inclusion of cess, surcharge in divisible tax pool“Cesses and surcharges (revenue) must be shared with states but by limiting them to the central pool was further disempowering states,” sai...
Centre releases rural local body grants worth Rs 12,351 crore to statesFrom the RLB grants, Uttar Pradesh received the highest amount of Rs 7,314 crore followed by Maharashtra with Rs 4,370 crore and Bihar at R...
Fiscal deficit range rather than a point is need of the hour for India, says NK SinghIn November, the 15th FC had submitted its final report for the five year period from FY22-26 which included recommendations of a roadmap t...
15th Finance Commission to present final recommendations to President Kovind on November 9The commission finalised its recommendations after wide-ranging consultations with the Union, state and local governments at different tier...
15th Finance Commission on course to finalise report by end of this monthThe Commission's Chairman N K Singh along with its members on Wednesday held a virtual meeting with the Chairmen of two previous Finance Co...
The pushback over delays in GST transfers by the Centre is the latest instance of states’ growing assertion on the fiscal frontSeveral states are now claiming that the Centre has not compensated them for loss of revenue from GST.
Central funds to states may be cut to create internal security fundNK Singh-headed Finance Commission working on proposal; cabinet cleared enabling approvals on July 17.
Finance Commission may incentivise states doing well in population management: ChairmanMany states, mostly those in the south, where population levels have declined, had opposed choosing 2011 as the base year for population ce...
Finance Commission’s ToR is not so much unfair to southern states as unfair to all statesThe Constitution gives the bulk of taxation power to the Centre, but leaves most of the responsibility for providing basic services to stat...
Fund fight: Why population became a sticking point for Centre and statesIn recent years, the Centre has gone beyond the FC mandate and has been transferring money equivalent to about half of its tax revenues to ...