The central government has rejected Bihar's request for 'special status'. According to government sources, no additional states are eligibl...

The announcement has been met with appreciation from Tripura Chief Minister Manik Saha, who acknowledges the funding's potential to boost i...

Chief Minister Siddaramaiah alleged injustice to Karnataka by the Central government with reduction in tax devolution, resulting in a loss ...

Crisil predicts that the growth in the aggregate GST collection for states will decrease to 12-14% in FY24 from 20% in FY23. Despite the mo...

The Ministry of Finance on Wednesday informed that the Centre has released two instalments of tax devolution to the state governments amoun...

The 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...

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 additional borrowing options would push state fiscal deficits to 4.25-5.52% of gross state domestic product (GSDP).

In a tweet, the Office of Finance Minister Nirmala Sitharaman said, "GoI has released a total amount of Rs 92,077 crore, as state's share i...

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...

The agency said the surge in market borrowings is in contrast to a budgeted decline in states' fiscal deficits in FY9 compared to the revis...

These states have, in fact, budgeted a fiscal deficit of whopping Rs 1,14,160 crore for the current fiscal year, says a report by the domes...

Siddaramaiah said the budgetary cuts were cruel since the affected schemes target the poor and children like mid-day meal and others.

"The higher tax devolution will allow states greater autonomy in financing and designing of schemes as per requirements," the report said.

The AP government today put forth a number of suggestions before the 14th Finance Commission for "rewarding" states based on fiscal managem...

Local taxes like professional tax, entertainment tax, education cess, water tax and surcharge on stamp duty constitute 25-45% of the revenu...