Finance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha. This report outlines tax revenue devolut...

The Union Budget 2026 will include recommendations from the 16th Finance Commission. This constitutional body has submitted its report on t...

The Sixteenth Finance Commission has presented its tax division recommendations to President Droupadi Murmu. The report outlines how the ta...

Karnataka Chief Minister Siddaramaiah is considering legal action against Prime Minister Narendra Modi for accusing the Congress party of "...

India'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....

The Indian central government's fiscal deficit reached 50.7% of the annual target in the first eight months of this fiscal year, compared t...

The Centre authorised release of tax devolution of Rs 72,961.21 crore to states for November. Currently, 41 per cent of taxes collected by ...

This is second advance instalment of Tax devolution, above the states entitlement of Rs 47, 541 crore for January, 2022

After a meeting with all chief ministers and state finance ministers recently, Union Finance Minister Nirmala Sitharaman had said the Centr...

As 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...

After 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 ...

The central government cut the road and infrastructure cess (RIC) component of the Central excise duty levied on petrol and diesel by Rs 5 ...

The report titled ‘Finance Commission in Covid Times’, will be laid on the table in the House of Parliament by the finance minister along w...

The 15th Finance Commission submitted two reports - the first report consisted of recommendations for the financial year 2020-21 and the fi...

ICRA 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...

According to the Act, the distribution of taxes suggested by the 15th Finance Commission to the state of Jammu and Kashmir will have to be ...

The 15th Finance Commission has invited suggestions/views on issues related to the terms of reference from the members of the general publi...