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

Terming the development as a ‘significant step’ in the history of grassroot democracy in the state, Khandu said the devolution of power is ...

"42 per cent was the devolution formula based on the Finance Commission's recommendations as states' share but when there is one less state...

The FC’s chairman NK Singh explains the rationale and thinking behind the recommendations and the institution’s legacy of trust.

States contribute funds to the Centre by levying central taxes & receive funds from Centre in different ways.

He called for upgradation of facilities in urban local bodies in view of the increasing urbanisation due to migration from rural areas.

During their meeting with the 15th Finance Commission Wednesday, 12 economists also made a case for improving the quality of budgeting.

While accepting the Finance Commission's recommendations, the Centre has done away with the other source of funding which were made availab...

Rangasamy sought waiver of loan and interest thereto totalling Rs 3,400 crore remaining outstanding from UT to Centre as debt burden had be...

While the recommendations have not been made public, it is believed the commission has proposed a hefty jump in total transfer to states th...

Naveen Patnaik today demanded rise in the existing level of tax devolution to the states from 32 per cent of tax receipts of the Centre to ...

Badal today said the Centre should "impartially" disburse the taxes collected from states to ensure overall development of the country.

Joshi today dismissed Mamata's demand for a financial package from the Centre to tide over the debt crisis, saying devolution of fund to th...

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

Commerce Ministry has asked the 13th Finance Commission to evolve a scheme for reimbursing exporters the state level taxes, which add 3-12 ...

The price of dither is going to be a higher fiscal deficit for the Centre.

Goa Chief Minister Manohar Parrikar suggested to the Twelfth Finance Commission(TFC) that the divisible pool of central taxes be raised to ...