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TAX REVENUE DEVOLUTION
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...19 Jun, 2026, 11.16 AM IST- Finance Minister Nirmala Sitharaman lays 16th Finance Commission report in Lok SabhaFinance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha. This report outlines tax revenue devolut...01 Feb, 2026, 03.49 PM IST
- Additional Rs 81,735 crore tax devolution ok'd for statesThe central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. Th...31 May, 2025, 12.39 AM IST
- Centre okays additional instalment of Rs 81,735 crore as tax devolution to the state govtsThe Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This m...30 May, 2025, 08.40 PM IST
- Fiscal deficit till January widens to 74.5% of revised targetThe 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 ...01 Mar, 2025, 12.12 AM IST
- Government receives over ₹10 lakh crore in revenue by July 2024As 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-...30 Aug, 2024, 05.28 PM IST
- Budget 2024: Modest tax revenue target likely for FY25The net revenue target for the next financial year will be modest, likely to be between 9-11%. One of the reasons for this modest target is...01 Feb, 2024, 09.52 AM IST
- Aggregate state GST collections growth to moderate to 12-14 per cent in FY24: CrisilCrisil 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...14 Jun, 2023, 07.00 PM IST
- States to forego Rs 44,000 crore from VAT reduction on fuels: ReportAfter months of calls for lowering the taxes on the fuels, the Centre on November 4 cut excise duty on diesel by Rs 10 a litre and by Rs 5 ...11 Nov, 2021, 06.17 PM IST
- 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 ...11 Nov, 2021, 05.08 PM IST
- Centre transfers additional Rs 45,000 crore to states as FY21 tax devolution“The healthy GST collections in the month of March 2021, along with the additional devolution of Rs. 45,000 crore to the state governments ...01 Apr, 2021, 03.27 PM IST
- States may have to cut FY21 capital spending by Rs 3.4 lakh crore: ICRAThe additional borrowing options would push state fiscal deficits to 4.25-5.52% of gross state domestic product (GSDP).09 Sep, 2020, 11.45 PM IST
- Dividing the Pie: The debate between Budget 2020 and 15th Finance Commission over sharing financesStates contribute funds to the Centre by levying central taxes & receive funds from Centre in different ways.09 Feb, 2020, 06.17 AM IST
- Higher tax mop-up has 12 states in Rs 4,000-crore fiscal surplus in Q1These states have, in fact, budgeted a fiscal deficit of whopping Rs 1,14,160 crore for the current fiscal year, says a report by the domes...05 Sep, 2017, 08.41 PM IST
- Finance Commission suggests higher share to states in central taxes"The higher tax devolution will allow states greater autonomy in financing and designing of schemes as per requirements," the report said.24 Feb, 2015, 02.44 PM IST
- Gujarat State Finance Commission working on formula for financial devolutionLocal taxes like professional tax, entertainment tax, education cess, water tax and surcharge on stamp duty constitute 25-45% of the revenu...21 Jun, 2012, 02.11 PM IST
- Fiscal deficit may rise as confusion on service tax prevailsThe price of dither is going to be a higher fiscal deficit for the Centre.13 Oct, 2004, 02.22 AM IST
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