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CESS POOL
What steps India has taken to stem pressure on its external balance of paymentsIndia is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...- PM Modi dismisses media report on possible tax on foreign travel as ‘totally false’Prime Minister Narendra Modi has strongly refuted media reports suggesting a new tax on foreign travel. He stated there is absolutely no tr...
- Are cess and surcharge funds truly reaching their intended purposes?Government revenue from cesses and surcharges is substantial. While intended for specific schemes, concerns persist about their actual usag...
- Cess 'slitting throat of federalism': Derek O'BrienTMC's Derek O'Brien said that cess is hurting federalism. States are concerned about shrinking tax revenues, he claimed, adding that the Ce...
- Govt aims to collect Rs 4.18 lakh cr from cess, Rs 1.72 lakh cr from surcharge in FY26The central government anticipates increased revenue from cess and surcharges. The target is over Rs 4.18 lakh crore from cess and over Rs ...
- Many states demand rise of share to 50 pc from divisible pool: Aravind PanagariyaSeveral states requested an increase in their share of the central divisible pool from 41 per cent to 50 per cent, with Odisha expressing s...
- Rise in cess, surcharge shrinking states' share in divisive pool of taxes: Kerala CMKerala Chief Minister Pinarayi Vijayan highlighted the rising trend of cess and surcharge levied by the Centre, which reduces states' share...
- Taxpayers expect taxes to work for them, Siddaramaiah tells finance commission; CM cautions against skewed weightage to equityChief Minister Siddaramaiah has urged the Finance Commission to cap cess and surcharge at 5% of gross tax revenue and include collections a...
- Cesses and surcharges should gracefully goThe share of cesses and surcharges in GoI's gross tax revenue stood at about 10.4% in 2011-12, and has been rising sharply.
- View: How Modi government can tame the skyrocketing fuel pricesDespite the bold indirect tax reform of 2017, no consensus has been reached yet on including petrol and diesel within the goods and service...
- Need Fiscal Council like institution to better manage Centre, state debt: NK SinghFact that we are one of those countries which have some kind of fiscal architecture, but does not have independent fiscal institutions is a...
- 15th Finance Commission opted for continuity, predictability in deciding tax devolution to states: N K SinghThe 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period 2021...
- 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...
- Budget 2016: Petroleum products and crude oil add biggest chunk to cess poolThe single biggest chunk of cesses is on petroleum products and crude oil. These alone account for over Rs 88,000 crore in the Budget for 2...
- Budget 2016: Labour ministry to remove four leviesThe labour ministry has identified four of the six cesses levied to promote workers’ welfare it will axe as part of FM's announcement durin...
- Skill India Mission: States will have to use construction cess pool to make workers skilledStates may no longer be able to dole out freebies to construction workers using large funds available under the construction cess pool.
- Government plans to use Rs 20,000-crore cess pool for workers' welfareThe Labour Ministry has advanced consultation process with various state governments, because the cess is collected by them but was hardly ...
- Diesel cess proposed to help loss-laden motor insurersThe liability will be covered by the funds collected through cess on diesel, precluding the need for a third-party liability cover.
- Finance ministry has no clue on the education cess poolWill finance minister P Chidambaram tell the nation how much money has been actually collected as education cess, because his ministry can’...
- Funding basic education from cess poolThe 2% education cess was levied in the Budget 2004-05, ostensibly to ensure that more money flowed into the basic education segment.
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