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TAX DEVOLUTION TRANSPARENCY
16th Finance Commission keeps states’ tax share at 41%The Sixteenth Finance Commission proposes ending revenue deficit grants for states, keeping their tax share at 41%. It introduces states' G...- Agenda of Modi 3.0: It will be driven by aspirations like $7 trillion GDP by 2027Though GST numbers look good, at some point, the 53rd meeting of GST Council will have to look at harmonising and streamlining rates and br...
- Centre devolves Rs 3.09 lakh cr to states till JulyThe 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, ...
- Bring states on the same capex pageGoI has accelerated its capex budget since the pandemic with matching allocations for states but has found greater slippage in their abilit...
- Civic bodies need vibrant muni bond mkt to raise funds: RBITo be sure, the size of municipal budgets in India are much smaller than peers in other countries, while revenues are dominated by property...
- Centre to front load Rs 95,082 crore to states in two installmentsSimilar to goods and service tax compensation, which was agreed upon for this entire year and already given by early November, some chief m...
- Four years later, the good timesRevenues from GST have stayed over Rs 1 lakh crore for eight consecutive months of dented growth during the pandemic.
- View: How Modi government can tame the skyrocketing fuel pricesDespite the bold indirect tax reform of 2017, no consensus has been reached yet on including petrol and diesel within the goods and service...
- Punjab to amend FRBM to raise Rs 928 crore in FY20In order to provide relief to the states on account of lower tax devolution during 2019-20, and in view of the hardships being faced by the...
- View: Government should lift the conventional veil of secrecy in Budget-makingPublishing a pre-Budget document will improve transparency and help evaluate measures better.
- FM hints 25% corporate tax may be extended to all companiesNirmala Sitharaman says commitment made in debut budget of the first Modi govt has to be honoured.
- Parliament approves Modi govt's FY20 BudgetThis completed the three stage Parliamentary approval process, which also included a debate on the general budget and working of some of th...
- 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.
- Telangana's tax revenues grow 27% this fiscalDuring the period under review, Telangana has reported Rs 7,687 crore of state own tax revenue as against Rs 6,031 crore a year ago, reflec...
- Budget 2015: More was expected for PSUs, and banking and power sectors, says Sanjeev PrasadThe government has increased capital expenditure by 26% to Rs 2.14 trillion even though it has reduced plan expenditure by 1% to Rs 4.65 tr...
- Union Budget 2015 allocation will give a boost to health care: JP NaddaThe focus, he said, within the Budget on 'Swachch Bharat' and linking this with health care has broad-based health issues in the country.
- Suggestions for the 14th Finance CommissionConstitution seeks to secure to all citizens, justice — social, economic & political. It requires creation of a Finance Commission every 5 ...
- Panel moots a share in union taxes for local bodiesThe Thirteenth Finance Commission has has suggested a share in the union taxes for the local bodies, taking the process or decentralisation...
- 'Incentives for fund transfers new this time'Indira Rajaraman, member of the commission, decodes the report and details what it has it on store for the nation.
- Making fiscal federalism workThe Finance Commission should see to it that sensible economics replaces the compulsions of transient politics.
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