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FINANCIAL RESOURCES DEVOLUTION
Report on datasets for State Finance Commissions to be released on MondayA report on datasets for State Finance Commissions will be released by the Chief Economic Advisor in New Delhi on Monday. This initiative a...- End of revenue deficit grants not to impact states' finances: Official on FinComm suggestionThe Union government faces a careful balancing act. Significant funds will flow to states following the 16th Finance Commission's proposals...
- Pai-led research group urges Finance Commission to mandate a cap on GST cessAn expert team led by TV Mohandas Pai has urged the 16th Finance Commission to cap cess and surcharges at 10% of gross tax revenue to prote...
- Arunachal requests Finance Comm for special package to compensate externally aided projects lossArunachal Pradesh has requested the 16th Finance Commission for a Rs 6.89 lakh crore special financial package due to exclusion from extern...
- Fiscal deficit till January widens to 74.5% of revised targetThe central government's fiscal deficit reached 74.5% of the revised annual target by January, up from 63.6% a year earlier, mainly due to ...
- Local bodies should look at raising their own resources as well: Arvind Panagariya16th Finance Commission Chairman Arvind Panagariya urged rural and urban local bodies to generate their own revenue, emphasizing that citiz...
- Karnataka CM Siddaramaiah invites 8 CMs to discuss unfair devolution of funds by Union governmentKarnataka Chief Minister Siddaramaiah has written a letter to the Chief Ministers of eight states regarding the unfair devolution of taxes ...
- Siddaramaiah writes to CMs of 8 states on unfair devolution of taxes by CentreKarnataka Chief Minister Siddaramaiah has written to the Chief Ministers of eight states about the "unfair" tax devolution by the Union gov...
- Why 16th Finance Commission must think innovatively about fund allocationThe 16th FC faces a formidable challenge. Is 41% the appropriate allocation, or does it warrant an increase or decrease? Shouldn't all cent...
- Govt releases Rs 6,195 cr to 14 states as instalment of post devolution revenue deficit grantAndhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand an...
- Finance Ministry to do away with plan, non-plan classification by FY'18With a view to improve expenditure management, Finance Ministry is contemplating doing away with the distinction between 'plan and non-plan...
- Higher tax share for states to offer financial flexibility"These recommendations have come in support of the laudable objective of cooperative federalism emphasising the need and role of strong sta...
- Postpone decision on funding pattern: Maneka Gandhi to Niti AayogManeka Gandhi has asked the Niti Aayog to postpone the decision on restructuring of funding pattern of social sector schemes to next fiscal...
- Himachal Pradesh, Jammu and Kashmir gain massively from Finance Commission's grantPost-devolution, Punjab, which has also been demanding a relief package, becomes revenue-surplus with Rs 1,542 crore in 2015-16.
- Puducherry CM N Rangasamy seeks 'clear formula' for devolution of Central fundsRangasamy sought waiver of loan and interest thereto totalling Rs 3,400 crore remaining outstanding from UT to Centre as debt burden had be...
- Nitish Kumar seeks 50:50 share of revenue between Centre and statesKumar said he had earlier written a letter to the Centre seeking additional financial devolution to Bihar in view of its backwardness.
- Haryana finance panel recommends more grants for local bodiesThe fourth State Finance Commission today recommended further grants for Haryana urban and rural local bodies through the mechanism of glob...
- Panel moots a share in union taxes for local bodiesThe Thirteenth Finance Commission has has suggested a share in the union taxes for the local bodies, taking the process or decentralisation...
- Making fiscal federalism workThe Finance Commission should see to it that sensible economics replaces the compulsions of transient politics.
- Central devolutions on line for power reformsNEW DELHI: The power ministry has moved a Cabinet note by which the Centre would have a right to block resources earmarked for transfer to ...
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