15th Finance Commission has an impossible task of performing a balancing act in Covid timesThe final report of the FFC, due October 30, may recommend that the Fiscal Responsibility and Budget Management Act (FRBM) and state-level ...
Fifteenth Finance Commission may suggest cess on direct taxes for defence fundET learns from multiple sources that the FFC, which is scheduled to submit by the end of October its report and recommendation on how union...
Home ministry wants exclusive internal security fund to beef up surveillance capabilityIn a March letter to the FFC headed by NK Singh, the ministry has said that constitution of a separate fund was justified as internal secur...
Unlikely to meet tax revenue target in 5 years, government tells finance panelIndia's tax collection shortfall could range between Rs 2.16 lakh cr in 2020-21 to Rs 3.70 lakh cr in 2024-25.
Centre trying to usurp powers of states, alleges AP FMAndhra Pradesh Finance Minister Yanamala Ramakrishnudu today strongly objected to the terms and conditions set forth for the 15th Finance C...
Will no fare hike put Delhi Metro on the path of Indian Railways?The fares recommended by the 2nd FFC were made effective from December 31, 2005 (after a gap of one year and nine months) with minimum fare...
Centre offers phase-IV metro to CM Arvind KejriwalDMRC Board met on Monday night and considered the proposal of Delhi CM to defer metro fare hike recommended by fare fixation committee to b...
Rs 2 lakh crore given to gram panchayats for basic services: GovernmentUnder the ambit of the Fourteenth Finance Commission (FFC), funds are being provided to the gram panchayats for delivery of basic services.
Centre asks states for report on funds utilisation for ULBsUrban Development Ministry "sought utilization reports in respect of FFC grants for the year 2015-16 by the end of next month," a statement...
Cabinet clears Finance Commission recommendations on state government deficitsThe Cabinet, chaired by Prime Minister Narendra Modi, gave approval to recommendations with two flexibility options, an official statement ...
- Loan applications worth over Rs 50 cr were received from MSMEs in Biz Bridge 2015
CII will take forward the loan applications through its Finance Facilitation Centre (FFC) for further actions with all its 13 partner banks...
Reliance Infrastructure-led Mumbai Metro One to seek operational subsidy to keep metro fares lowThe company said that the FFC has also suggested that MMOPL should be granted metro operational subsidy by the government to keep the fare ...
Proposal for metro fare hike to be challenged in Supreme Court: Devendra Fadnavis, Maharashtra CMA spokesperson of MMOPL said that they are examining the FFC report, and will work towards a phased implementation of the new fare recommen...
Growth in SME sector ensures industrialisation in backward areas: Tarun Daga, CIIGrowth in the SME sector ensures industrialisation in backward areas and helps in more equitable growth, said Tarun Daga, chairman, CII
Why it is necessary to give power to the states, but exercise cautionThe FFC report isn't just about resource sharing: There's much more that's interesting. It's spiked the concept of "effective revenue defic...
- Reference terms of the Fourteenth Finance Commission are wide-ranging
The government has constituted the Fourteenth Finance Commission (FFC), with distinguished membership and an excessively ambitious agenda.
- First Flight Couriers leases three aircraft
In a bid to increase its foothold in the high-volume express cargo space, the Rs 240-crore First Flight Couriers (FFC) has decided to lease...