The 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 Finance Minister Jayanta Mallabaruah emphasized the role of human resources in driving the state's industrialization efforts. The g...

Revenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore,...

As key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...

The Tamil Nadu Assembly unanimously passed a resolution seeking fair tax devolution. This resolution aligns with constitutional principles ...

The 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...

The central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. Th...

The Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This m...

Congress leaders claim Karnataka received less tax devolution from the Centre compared to other states. They argue Karnataka pays higher ta...

The announcement has been met with appreciation from Tripura Chief Minister Manik Saha, who acknowledges the funding's potential to boost i...

Chief Minister Siddaramaiah alleged injustice to Karnataka by the Central government with reduction in tax devolution, resulting in a loss ...

West 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...

The Indian government released an additional installment of Rs 72,961.21 crore as tax devolution to states, beyond the regular 14 installme...

The Centre authorised release of tax devolution of Rs 72,961.21 crore to states for November. Currently, 41 per cent of taxes collected by ...

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

The Ministry of Finance on Wednesday informed that the Centre has released two instalments of tax devolution to the state governments amoun...

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