The Centre approved the release of two installments of tax devolution amounting to ₹1.42 lakh crore to 28 states for social welfare and inf...

The report titled ‘Finance Commission in Covid Times’, will be laid on the table in the House of Parliament by the finance minister along w...

"42 per cent was the devolution formula based on the Finance Commission's recommendations as states' share but when there is one less state...

In November, the 15th FC had submitted its final report for the five year period from FY22-26 which included recommendations of a roadmap t...

States contribute funds to the Centre by levying central taxes & receive funds from Centre in different ways.

He called for upgradation of facilities in urban local bodies in view of the increasing urbanisation due to migration from rural areas.

During their meeting with the 15th Finance Commission Wednesday, 12 economists also made a case for improving the quality of budgeting.

While accepting the Finance Commission's recommendations, the Centre has done away with the other source of funding which were made availab...

Rangasamy sought waiver of loan and interest thereto totalling Rs 3,400 crore remaining outstanding from UT to Centre as debt burden had be...

While the recommendations have not been made public, it is believed the commission has proposed a hefty jump in total transfer to states th...

Naveen Patnaik today demanded rise in the existing level of tax devolution to the states from 32 per cent of tax receipts of the Centre to ...

Badal today said the Centre should "impartially" disburse the taxes collected from states to ensure overall development of the country.

Local taxes like professional tax, entertainment tax, education cess, water tax and surcharge on stamp duty constitute 25-45% of the revenu...

Indira Rajaraman, member of the commission, decodes the report and details what it has it on store for the nation.

Commerce Ministry has asked the 13th Finance Commission to evolve a scheme for reimbursing exporters the state level taxes, which add 3-12 ...

The price of dither is going to be a higher fiscal deficit for the Centre.

Goa Chief Minister Manohar Parrikar suggested to the Twelfth Finance Commission(TFC) that the divisible pool of central taxes be raised to ...