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TAX DEVOLUTION CASE
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...- Kerala’s share in central funds sparks debate ahead of 16th Finance CommissionAs the 16th Finance Commission (FC) begins work on revenue devolution, concerns are being raised over how Kerala was treated by the 15th Fi...
- Andhra Pradesh CM Naidu pushes for higher tax share; BJP seeks special weightage insteadAndhra Pradesh Chief Minister N. Chandrababu Naidu has requested the 16th Finance Commission to increase the state's share in central tax d...
- The emerging fiscal constrictor knot & tightening logjam for marketStrengthening private capex and boosting employment gains are crucial for escaping the fiscal constrictor knot. Improving global demand and...
- Karnataka Govt to create internal committee to appeal to finance commission: Siddaramaiah on X SpacesChief Minister Siddaramaiah announced that the government will form an internal committee to appeal to the Finance Commission to increase t...
- Uddhav Thackeray wades into tax devolution debate, demands return of 50% of tax amount paid by MaharashtraThackeray claimed that when Maharashtra sends Re 1 to the Centre as tax, it gets back only seven paise. "What happens to the remaining amou...
- 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...
- Punjab Cabinet gives nod to regularise services of over 14,000 teachersOf the total 14,239 contractual/temporary teachers, whose services will be regularised, 7,902 have completed 10 and more years in service, ...
- States revenue loss from tax cuts on fuel to be lower than tax devolution in FY 22The central government cut the road and infrastructure cess (RIC) component of the Central excise duty levied on petrol and diesel by Rs 5 ...
- 15th Finance Commission report: States call for inclusion of cess, surcharge in divisible tax pool“Cesses and surcharges (revenue) must be shared with states but by limiting them to the central pool was further disempowering states,” sai...
- Will have to take a "nuanced approach towards tax devolution": Advisory Council of the Finance CommissionHowever, Singh said devolution cannot be altered for each year. The Finance Commission has already given an interim report for FY21, which ...
- Economists highlight need for reducing Centre, state debt; call for new means to garner revenueDuring their meeting with the 15th Finance Commission Wednesday, 12 economists also made a case for improving the quality of budgeting.
- Finance Commission’s ToR is not so much unfair to southern states as unfair to all statesThe Constitution gives the bulk of taxation power to the Centre, but leaves most of the responsibility for providing basic services to stat...
- Tax devolution to Bihar rises 16.5 per cent to Rs 66,368 croreAfter the recommendations of the 14th Finance Commission, the tax devolution to Bihar rose by 16.5 per cent to Rs 66,368 crore.
- Revise formula for devolution of Central funds to states: BadalBadal today said the Centre should "impartially" disburse the taxes collected from states to ensure overall development of the country.
- 'Population criteria in 14th Finance Commission to hit 11 states'The Odisha government today said the move would adversely affect resource transfer to 11 states and demanded steps to restore the previous ...
- Special category status: Request from Bihar, Odisha and Rajasthan under considerationThe special category status to various states in accorded by the National Development Council based on consideration of a set of criteria.
- Centre usurping powers of states: Parkash Singh BadalThe tendency to usurp the powers and authority of the states through open and clandestine ways by the Centre was on rise at a scale never s...
- 'Centre's fiscal ideas unacceptable'The fiscal consolidation programme initiated by the Centre is not making the same degree of progress among states. Some states have been fu...
- FinMin examining recommendation on CSTIndia moved a step closer to phasing out central sales tax.
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