Assam Chief Minister Himanta Biswa Sarma has urged the 16th Finance Commission to increase Assam's share in horizontal devolution and alloc...

The Telangana Government has urged the 16th Finance Commission to increase the states' share in Central taxes from 41% to 50%. Deputy Chief...

Finance Minister Nirmala Sitharaman released two tax devolution instalments totaling ₹1,39,751 crore to 28 states for development and capit...

Factory output had stalled in the second and third quarters of 2022-23, which could have been overestimated earlier, apart from a better-th...

The share of cesses and surcharges in GoI's gross tax revenue stood at about 10.4% in 2011-12, and has been rising sharply.

In November, the 15th FC had submitted its final report for the five year period from FY22-26 which included recommendations of a roadmap t...

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...

Karnataka Agriculture Minister Krishna Byre Gowda had recently alleged that the Centre was playing politics over the Terms of Reference (To...

NDA constituent TDP has pulled out its two ministers -- Ashok Gajapathi Raju and Y S Chowdary -- from the central government over failure t...

The announcement in Union Budget 2015-16 that the much awaited GST will be introduced on April 1, 2016, will rejuvenate the industry.

Here’s a look at the members of the 14th Finance Commission that has recommended funds devolution to the extent of 42%.

AP government asked the Centre to scrap Centrally Sponsored Schemes (CSS) and strengthen the economy of states by better devolution of reso...

The state has also adopted self-attestation of personal documents instead of asking people to get these attested by gazetted officers.

Assocham today backed the demand for grant of special status for industrial development of the state.

The efforts of the 14th Finance Commission will be to arrive at a good balance between change and continuity to get optimum benefits.

States are once again demanding that their share in the divisible pool of central taxes be raised from the current 30.5% to 40-50%.

CRISIL expects state governments’ key fiscal indicators-revenue deficit and gross fiscal deficit-to start deteriorating from 2009, after a ...