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TAX DEVOLUTION
Centre releases states Rs 1.09 lakh cr festive boostUttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 cro...- Fiscal deficit in H1 rises to 42.1% of FY27 target on higher capex, subsidiesBy September 2026, the Centre's fiscal deficit had escalated to ₹7.14 lakh crore, exceeding last year's figures. This increase is fueled by...
- NITI Aayog member Rajiv Gauba calls for urban reformsAddressing the valedictory session of the 2nd National Urban Conclave on Sunday, Gauba called for removal of restrictive floor-area ratios ...
- April-August fiscal gap widens to ₹7.1 lakh crore on higher capex, subsidy outgoThe Centre’s fiscal deficit rose to ₹7.1 lakh crore, or 41.9% of the FY27 target, by August, up from ₹6 lakh crore a year earlier, official...
- Assam’s greatest resource for industrialisation is its human resource: Finance Minister Jayanta MallabaruahAssam's Finance Minister Jayanta Mallabaruah emphasized the role of human resources in driving the state's industrialization efforts. The g...
- States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: CrisilRevenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore,...
- The road less paved: India’s cities have a governance problemAs key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...
- Tamil Nadu Assembly passes resolution batting for 'fair tax devolution' from CentreThe Tamil Nadu Assembly unanimously passed a resolution seeking fair tax devolution. This resolution aligns with constitutional principles ...
- Centre releases Rs 1.09 lakh crore to states, advances August tax devolutionThe August 1 release is in addition to the regular monthly devolution due on August 10, giving states an early fiscal boost as they step up...
- 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...
- Centre okays additional instalment of Rs 81,735 crore as tax devolution to the state govtsThe Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This m...
- South India not getting their share, will raise issue in Parliament, says Congress Chief Kharge on tax devolutionCongress leaders claim Karnataka received less tax devolution from the Centre compared to other states. They argue Karnataka pays higher ta...
- Tripura receives additional tax devolution of Rs 1006 croreThe announcement has been met with appreciation from Tripura Chief Minister Manik Saha, who acknowledges the funding's potential to boost i...
- Injustice to Karnataka in tax devolution, loss of over Rs 45,000 crore in 4 years: SiddaramaiahChief Minister Siddaramaiah alleged injustice to Karnataka by the Central government with reduction in tax devolution, resulting in a loss ...
- Bengal gets Rs 5,488cr from Centre as additional instalment of tax devolutionWest Bengal has received Rs 5,488.88 crore as an additional instalment of tax devolution out of Rs 72,961.21 crore by Centre. Largest share...
- 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 2 instalments of tax devolution to state govts amounting to Rs 1.16 lakh croreThe Ministry of Finance on Wednesday informed that the Centre has released two instalments of tax devolution to the state governments amoun...
- 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...
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