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MAHARASHTRA TAX DEVOLUTION
Pai-led research group urges Finance Commission to mandate a cap on GST cessAn expert team led by TV Mohandas Pai has urged the 16th Finance Commission to cap cess and surcharges at 10% of gross tax revenue to prote...
Maharashtra gets Rs 6,418 crore advance instalment of tax devolution from CentreMaharashtra received an advance tax devolution of Rs 6,418 crore from the Central government, Deputy Chief Minister Ajit Pawar announced. T...
Govt releases tax devolution of Rs 1.73 lk cr to states to accelerate capital spendingThe Union Government released tax devolution of Rs 1,73,030 crore to state governments in January 2025, nearly doubling the amount from Dec...
We are planning to file suit against this: Karnataka CM Siddaramaiah on PM Modi's 'looting' remarks against stateKarnataka Chief Minister Siddaramaiah is considering legal action against Prime Minister Narendra Modi for accusing the Congress party of "...
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...
Tripura receives additional tax devolution of Rs 1006 croreThe announcement has been met with appreciation from Tripura Chief Minister Manik Saha, who acknowledges the funding's potential to boost i...
Centre oks Rs 1.42 lakh crore tax devolution to statesThe Centre approved the release of two installments of tax devolution amounting to ₹1.42 lakh crore to 28 states for social welfare and inf...
Uddhav Thackeray wades into tax devolution debate, demands return of 50% of tax amount paid by MaharashtraThackeray claimed that when Maharashtra sends Re 1 to the Centre as tax, it gets back only seven paise. "What happens to the remaining amou...
Karnataka lost Rs 1.87 lakh crore during 15th Finance Commission: CM SiddaramaiahKarnataka Chief Minister Siddaramaiah criticized the NDA government over tax devolution and declining Central grants, stating that the stat...
Bengal gets Rs 5,488cr from Centre as additional instalment of tax devolutionWest Bengal has received Rs 5,488.88 crore as an additional instalment of tax devolution out of Rs 72,961.21 crore by Centre. Largest share...
Public expenditure quality of states improves in Q1FY24: Ind-RaHigher tax devolution, rising revenues, and lower subsidy outgoes have led to the improvement of public expenditure quality for states in Q...
States expect higher tax devolution from Centre; to borrow less in FY23: IcraThe central tax devolution is likely to rise to Rs 9.3 lakh crore in FY23 from Rs 8.8 lakh crore in FY22 and from Rs 8.2 lakh crore estimat...
Centre releases Rs 95,082 crore to states as January Tax devolutionThis is second advance instalment of Tax devolution, above the states entitlement of Rs 47, 541 crore for January, 2022
Cess, surcharge share doubles to 19.9% of central taxes in FY21: ReportThe key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the...
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...
GST compensation required by 9 large states could double to Rs 70,000 crore in FY'20: ICRAICRA also expressed apprehension that "the central tax devolution (CTD) to these states in 2019-20 could be Rs 595-770 billion (Rs 59,500-7...
View: States outspend the Centre; crippling their fiscal capacity will harm the economyShifting the fiscal centre of gravity means that cutting states’ finances would worsen the slump.
Congress brings nationalism debate in Finance Commission's proposal on funds"Progressive states, largely from the south, which did their nationalistic duty and controlled population, are now being penalised by the f...
Centre releases Rs 37,420 crore as 1st instalment of devolution"The Government of India has released more than Rs 37,420 crore to all the states for financial year 2015-16 as the first instalment of dev...
35 first-time MLAs meet PM Narendra Modi; hear about cooperative federalismUnion Government`s acceptance of the recommendations of the 14th Finance Commission regarding devolution of 42 per cent of the divisible po...