States have also opposed the creation of a non-lapsable defence fund from the gross tax collections by the Centre, saying it would shrink t...

The recommendation is just a percentage point short of the 42% level suggested by the 14th Finance Commission. The snip reflects the change...

ET learns from multiple sources that the FFC, which is scheduled to submit by the end of October its report and recommendation on how union...

An 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...

In the Budget, finance minister Nirmala Sitharaman has proposed an option that will do away with exemptions, while lowering the liability f...

India'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 15th Finance Commission was told by the centre to reduce states' share of tax revenue. The centre believes states have not been efficie...

The additional Terms of Reference being worked out would likely seek a rollover of the current devolution pattern for one more year. The co...

``We are inviting economists and policymakers to the seminar. We are also inviting finance ministers from other states, including BJP-ruled...

The present basket of centrally-sponsored schemes needs to be streamlined and integrated with Finance Commission suggestions.

Andhra Pradesh Finance Minister Yanamala Ramakrishnudu today strongly objected to the terms and conditions set forth for the 15th Finance C...

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...

The 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...

Urban Development Ministry "sought utilization reports in respect of FFC grants for the year 2015-16 by the end of next month," a statement...

The government has initiated "necessary action" to set up a committee to revise the Delhi Metro rail fares, Rajya Sabha was informed today.

Survey 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.

The FFC report isn't just about resource sharing: There's much more that's interesting. It's spiked the concept of "effective revenue defic...