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FISCAL DEVOLUTION
What is Andy Burnham's 'Manchesterism' vision for the UK?Andy Burnham is now a leading contender to become the next Prime Minister. He brings his "Manchesterism" economic vision to national politi...- 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...
- Govt issues uniform guideline for measuring states' GDP with revised base year of 2022-23The Statistics Ministry has released new guidelines for calculating states' Gross State Domestic Product. The base year for these calculati...
- Centre releases additional instalment of tax devolution of Rs 1.01 lakh cr to state govtsThe Centre released an additional Rs 1,01,603 crore in tax devolution to state governments on October 1, 2025, ahead of the festive season....
- Additional Rs 81,735 crore tax devolution ok'd for statesThe central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. Th...
- 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 ...
- Decision on recommending revenue deficit grants for states yet to be made: Finance Commission chiefA decision on revenue deficit grants to states hasn't been made yet, says Finance Commission Chairman Arvind Panagariya. The commission wil...
- Centre transfers additional Rs 72,961 crore to states above budgeted tax devolutionThe Indian government released an additional installment of Rs 72,961.21 crore as tax devolution to states, beyond the regular 14 installme...
- Centre authorises release of tax devolution of Rs 72,961 crore to statesThe Centre authorised release of tax devolution of Rs 72,961.21 crore to states for November. Currently, 41 per cent of taxes collected by ...
- Faster tax devolution may not affect states' borrowings, but will boost capex: ExpertsAccording to economists, Faster tax devolution is likely to encourage states to continue on the path of capital spending.
- Centre releases third installment of tax devolution to statesThe government has released one advance instalment, in addition to the regular instalment due in June 2023, to aid states push up capital s...
- Centre releases Rs 1.40 lakh crore tax devolution amount to statesThis is in line with the commitment of the Union government to strengthen the hands of states to accelerate their capital and developmental...
- Two tax devolution installments worth Rs 1.16 lakh crore cleared"The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore today, as against...
- States expect higher tax devolution from Centre; to borrow less in FY23: IcraThe 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...
- Centre releases Rs 95,082 crore to states as November tax devolutionAfter a meeting with all chief ministers and state finance ministers recently, Union Finance Minister Nirmala Sitharaman had said the Centr...
- Centre transfers additional Rs 45,000 crore to states as FY21 tax devolution“The healthy GST collections in the month of March 2021, along with the additional devolution of Rs. 45,000 crore to the state governments ...
- Government's total receipts at Rs 12.82 lakh cr in April-JanuaryThe Government of India has received Rs 12,82,857 crore up to January 2020. Tax revenue stood at Rs 9,98,037 crore, while non-tax revenue s...
- Nothing alarming about doubling of states Q1 borrowings:ReportThe agency said the surge in market borrowings is in contrast to a budgeted decline in states' fiscal deficits in FY9 compared to the revis...
- Devolution of funds to states should be based on performance indicators: Rajiv KumarKarnataka Agriculture Minister Krishna Byre Gowda had recently alleged that the Centre was playing politics over the Terms of Reference (To...
- Finance Commission suggests higher share to states in central taxes"The higher tax devolution will allow states greater autonomy in financing and designing of schemes as per requirements," the report said.
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