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KARNATAKA FISCAL AUTONOMY
Karnataka cities get just 15% of promised SFC grants, denied fiscal autonomy, says reportKarnataka's city governments received only a fraction of promised state finance commission grants. A significant portion of these funds wer...- GST states quo won't do: Post-GST revenue divide widens across IndiaNew CAG data reveals states are diverging in fiscal health post-GST. Some states are effectively building revenue capacity, while others ar...
- Siddaramaiah backs Stalin’s call for federal reset, seeks institutional forum for statesPraising Stalin for commissioning a detailed examination of Union–State relations, Siddaramaiah said Karnataka stands ready to work with TN...
- View: Why larger and more populous states gradually losing their fiscal strengthA 2013-14 to 2022-23 CAG analysis of state finances paints a sobering picture. 10 most populous states - UP, Maharashtra, Bihar, West Benga...
- GST: Siddaramaiah hails consensus reached by eight Opposition-ruled statesTamil Nadu CM MK Stalin cautioned the Centre regarding GST reforms, emphasizing the need to protect states' revenues to sustain welfare pro...
- Opposition states seek compensation over GST rejig, flag Rs 2 lakh crore revenue riskSeveral opposition-ruled states are worried about potential revenue losses from the Centre's GST restructuring plan. They anticipate losses...
- Tamil Nadu CM MK Stalin urges all states to form panel on Centre-state ties, take forward state autonomy demandTamil Nadu Chief Minister MK Stalin has called on all states to form committees advocating for state autonomy, mirroring Tamil Nadu's initi...
- States, UTs crucial to India's rise as world’s third-largest economy by 2028: Morgan StanleyMorgan Stanley projects India to become the world's third-largest economy by 2028, reaching a $10.6 trillion GDP by 2035, with states and u...
- Karnataka CM Siddaramaiah invites 8 CMs to discuss unfair devolution of funds by Union governmentKarnataka Chief Minister Siddaramaiah has written a letter to the Chief Ministers of eight states regarding the unfair devolution of taxes ...
- Siddaramaiah writes to CMs of 8 states on unfair devolution of taxes by CentreKarnataka Chief Minister Siddaramaiah has written to the Chief Ministers of eight states about the "unfair" tax devolution by the Union gov...
- Microfinance institutions in Karnataka show 10% portfolio growthMicrofinance Institutions (MFI) in Karnataka have a loan portfolio of Rs 46,000 crore, with a 10% year-on-year growth, according to a repor...
- States need to focus on transparency with regard to their financial numbers: NITI Aayog CEONITI Aayog CEO, B V R Subrahmanyam, has stressed the importance of transparency in state finances. He believes that states should report ev...
- P Chidambaram slams fuel price hike, says 'interval' due to Karnataka pollsChidambaram asked all chief ministers to oppose the ToR of the 15th Finance Commission, which he said was the central govt's "attempt to vi...
- ToR of 15th Finance Commission against progressive states: FMs of Kerala, Karnataka & AndhraUnion Finance Minister Arun Jaitley rejected the charge of bias against the southern states, asserting there was no inherent bias or mandat...
- GST almost a done deal as FM Arun Jaitley willing to be flexible to get states on boardGST will replace a plethora of indirect taxes — excise, sales, service — with one single levy, helping create a market for goods & delivery...
- BHEL to set up solar photo-voltaic unit in MaharashtraBharat Heavy Electricals Ltd would set up an integrated solar photo-voltaic manufacturing facility of around 500 MW per annum in Maharashtr...
- Pranab's reform masterstroke: Ropes in BJP's Sushil Modi to head GST panelFinance ministry has managed to persuade Sushil Modi to head panel negotiating most comprehensive indirect tax reform - goods and services ...
- GST set to miss deadline as bill won’t roll yetThe government will not introduce vital legislation required for reforming the country’s indirect tax laws in Parliament until there is wid...
- GST reforms: FM agrees to demand for more timeThe Centre and states were yet again unable to stitch a deal on the constitutional amendments, clouding prospects for rollout of goods and ...
- Fiscal discipline gets top billing: DK srivastavaA Finance Commission addresses two sets of tasks. Its core tasks relate to the sharing of central taxes with the states and central grants ...
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