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NOVEMBER TAX DEVOLUTION
India ready to help Nepal rebuild flood-hit infra, deepen energy tiesIndia's foreign secretary Vikram Misri communicated support for Nepal's infrastructure rebuilding after the recent floods. During meetings ...- Centre releases Rs 1.09 lakh crore to states five days early, UP gets biggest shareThe Centre has released Rs 1.09 lakh crore to state governments as tax devolution, advancing the November instalment by five days to suppor...
- Centre advances November tax devolution, releases Rs 1.09 lakh crore to states ahead of festive seasonOn November 5, 2026, the Centre released over Rs 1.09 lakh crore to state governments in advance. This release is typically done on Novembe...
- Finance Minister Nirmala Sitharaman lays 16th Finance Commission report in Lok SabhaFinance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha. This report outlines tax revenue devolut...
- Budget 2026 to incorporate recommendations of 16th Finance CommissionThe Union Budget 2026 will include recommendations from the 16th Finance Commission. This constitutional body has submitted its report on t...
- 16th Finance Commission submits report to President Droupadi MurmuThe Sixteenth Finance Commission has presented its tax division recommendations to President Droupadi Murmu. The report outlines how the ta...
- 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 "...
- Fiscal deficit until Dec at 55% of annual targetIndia's fiscal deficit for the first three quarters of the fiscal year reached 55% of the annual target, down from 58.9% the previous year....
- Fiscal Deficit until November touches 50.7% of FY24 targetThe Indian central government's fiscal deficit reached 50.7% of the annual target in the first eight months of this fiscal year, compared t...
- Centre authorises release of tax devolution of Rs 72,961 crore to statesThe Centre authorised release of tax devolution of Rs 72,961.21 crore to states for November. Currently, 41 per cent of taxes collected by ...
- 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
- Centre releases Rs 95,082 crore to states as November tax devolutionAfter a meeting with all chief ministers and state finance ministers recently, Union Finance Minister Nirmala Sitharaman had said the Centr...
- FM Nirmala Sitharaman: Centre doubles November tax devolution amount for statesAs many as 15 chief ministers, J&K LG and Deputy chief ministers of three states participated in the meeting. Rest of the states were repre...
- States to forego Rs 44,000 crore from VAT reduction on fuels: ReportAfter months of calls for lowering the taxes on the fuels, the Centre on November 4 cut excise duty on diesel by Rs 10 a litre and by Rs 5 ...
- States revenue loss from tax cuts on fuel to be lower than tax devolution in FY 22The central government cut the road and infrastructure cess (RIC) component of the Central excise duty levied on petrol and diesel by Rs 5 ...
- 15th Finance Commission submits report to Finance Minister Nirmala SithatramanThe report titled ‘Finance Commission in Covid Times’, will be laid on the table in the House of Parliament by the finance minister along w...
- 15th Finance Commission submits report to Prime MinisterThe 15th Finance Commission submitted two reports - the first report consisted of recommendations for the financial year 2020-21 and the fi...
- 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...
- Finance Commission likely to get extension for working on devolution to UTs of J&K, LadakhAccording to the Act, the distribution of taxes suggested by the 15th Finance Commission to the state of Jammu and Kashmir will have to be ...
- Fiscal consolidation: Finance Commission invites suggestions from stakeholders by June 30The 15th Finance Commission has invited suggestions/views on issues related to the terms of reference from the members of the general publi...
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