The 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 ...

As of July 2024, the Union Government has received a total of ₹10,23,406 crore, accounting for 31.9% of the Budget Estimates (BE) for 2024-...

The Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, ...

According to economists, Faster tax devolution is likely to encourage states to continue on the path of capital spending.

Crisil predicts that the growth in the aggregate GST collection for states will decrease to 12-14% in FY24 from 20% in FY23. Despite the mo...

This is second advance instalment of Tax devolution, above the states entitlement of Rs 47, 541 crore for January, 2022

After a meeting with all chief ministers and state finance ministers recently, Union Finance Minister Nirmala Sitharaman had said the Centr...

“The healthy GST collections in the month of March 2021, along with the additional devolution of Rs. 45,000 crore to the state governments ...

The 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period 2021...

The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the...

“Cesses and surcharges (revenue) must be shared with states but by limiting them to the central pool was further disempowering states,” sai...

Referring to the meeting of Chief Ministers of these states, Jaitley listed details to buttress the point that there was no discrimination ...

Siddaramaiah said the budgetary cuts were cruel since the affected schemes target the poor and children like mid-day meal and others.

“We are moving away from rigid centralised planning, forcing a 'one-sizefits-all' approach on states,” Prime Minister Narendra Modi said in...

The 14th Finance Commission has recommended by majority decision that the the states' share in the net proceeds of the union tax revenues b...

"The higher tax devolution will allow states greater autonomy in financing and designing of schemes as per requirements," the report said.

Even as states battle it out with the Centre on the compensation package for the elimination of Central sales tax (CST), states are a divid...