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15TH FFC
Kerala’s share in central funds sparks debate ahead of 16th Finance CommissionAs the 16th Finance Commission (FC) begins work on revenue devolution, concerns are being raised over how Kerala was treated by the 15th Fi...- Arunachal Pradesh: Devolution of powers to Panchayati Raj goes through, 28 years since enactmentTerming the development as a ‘significant step’ in the history of grassroot democracy in the state, Khandu said the devolution of power is ...
- All isn't well on the federal relations front: How states and the Centre are failing to come to an agreement on resourcesUnderlying the procedural lapse and its consequences for the finance minister is a far more vexed issue of the fiscal compact between the C...
- View: States wait for a larger slice in the 15th Finance CommissionStates have also opposed the creation of a non-lapsable defence fund from the gross tax collections by the Centre, saying it would shrink t...
- Fifteenth Finance Commission recommends a 41% cut of central tax revenue go to statesThe recommendation is just a percentage point short of the 42% level suggested by the 14th Finance Commission. The snip reflects the change...
- Fifteenth Finance Commission may suggest cess on direct taxes for defence fundET learns from multiple sources that the FFC, which is scheduled to submit by the end of October its report and recommendation on how union...
- Finance panel to discuss centre, states' Fiscal Responsibility and Budget ManagementAn official statement said the meeting will focus on issues of the final report for 2021-26. The Commission has to submit the report to the...
- States must amend laws for fiscal breachIn the Budget, finance minister Nirmala Sitharaman has proposed an option that will do away with exemptions, while lowering the liability f...
- Unlikely to meet tax revenue target in 5 years, government tells finance panelIndia's tax collection shortfall could range between Rs 2.16 lakh cr in 2020-21 to Rs 3.70 lakh cr in 2024-25.
- The Centre Vs States fiscal fight...The 15th Finance Commission was told by the centre to reduce states' share of tax revenue. The centre believes states have not been efficie...
- 15th Finance Commission likely to get 6-month extensionThe additional Terms of Reference being worked out would likely seek a rollover of the current devolution pattern for one more year. The co...
- Kerala plans seminar on new Fifteenth Finance Commission mandate``We are inviting economists and policymakers to the seminar. We are also inviting finance ministers from other states, including BJP-ruled...
- Coming: A revolution in devolution with a federal flavourThe present basket of centrally-sponsored schemes needs to be streamlined and integrated with Finance Commission suggestions.
- Centre trying to usurp powers of states, alleges AP FMAndhra Pradesh Finance Minister Yanamala Ramakrishnudu today strongly objected to the terms and conditions set forth for the 15th Finance C...
- Will no fare hike put Delhi Metro on the path of Indian Railways?The fares recommended by the 2nd FFC were made effective from December 31, 2005 (after a gap of one year and nine months) with minimum fare...
- Can't put metro fare hike on hold: Centre tells Delhi governmentThe existing fare structure is: up to 2 kms -- Rs 10, 2-5 kms -- Rs 15, 5-12 kms -- Rs 20, 12-21 kms -- Rs 30, 21-32 kms -- Rs 40 and for j...
- Centre asks states for report on funds utilisation for ULBsUrban Development Ministry "sought utilization reports in respect of FFC grants for the year 2015-16 by the end of next month," a statement...
- Government initiates action to set up panel to revise Delhi Metro faresThe government has initiated "necessary action" to set up a committee to revise the Delhi Metro rail fares, Rajya Sabha was informed today.
- Economic Survey 2015: NITI Aayog, 14th Finance Commission will enhance fiscal federalismSurvey also recommended a grants-in-aid of Rs 48,906 crore for 11 revenue deficit states, including AP, WB and J&K for 2015-16.
- Why it is necessary to give power to the states, but exercise cautionThe FFC report isn't just about resource sharing: There's much more that's interesting. It's spiked the concept of "effective revenue defic...
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