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VERTICAL AND HORIZONTAL DEVOLUTION
16th Finance Commission is reshaping fiscal federalism by ending revenue-deficit grantsThe 16th Finance Commission prioritizes efficiency over equity, shifting incentives towards economic effort by weighting GSDP share in hori...- 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...
- Himanta Biswa Sarma meets Chairman of 16th Finance Commission; discusses issues related to devolution of fundsAssam Chief Minister Himanta Biswa Sarma met with Dr. Arvind Panagariya, Chairman of the 16th Finance Commission, to discuss fund devolutio...
- Arunachal requests Finance Comm for special package to compensate externally aided projects lossArunachal Pradesh has requested the 16th Finance Commission for a Rs 6.89 lakh crore special financial package due to exclusion from extern...
- Decision on recommending revenue deficit grants for states yet to be made: Finance Commission chiefA decision on revenue deficit grants to states hasn't been made yet, says Finance Commission Chairman Arvind Panagariya. The commission wil...
- Govt plans to incentivise planned urbanisation of peri-urban areasThe Ministry of Housing and Urban Affairs aims to promote planned development of peri-urban areas by incentivising states and addressing po...
- Consider treating the North-East as a collective block by allocating 10% of central funds to the eight states: Assam CM to 16th Finance CommissionAssam Chief Minister Himanta Biswa Sarma has urged the 16th Finance Commission to increase Assam's share in horizontal devolution and alloc...
- Telangana urges 16th Finance Commission to increase states' share in Central taxes to 50%The Telangana Government has urged the 16th Finance Commission to increase the states' share in Central taxes from 41% to 50%. Deputy Chief...
- Why 16th Finance Commission must think innovatively about fund allocationThe 16th FC faces a formidable challenge. Is 41% the appropriate allocation, or does it warrant an increase or decrease? Shouldn't all cent...
- Finance Commission recommends FRBM Act revampThe FRBM Act needs to be revamped because of prevailing uncertainty and contemporary realities and challenges, the commission said. The Uni...
- 15th Finance Commission keeps tax devolution to states at 42%, suggests fiscal deficit glide pathFinance Commission is a constitutional body that gives suggestions on Centre-state financial relations. The report of the 15th Finance Comm...
- 15th Finance Commission submits report to Prime MinisterThe 15th Finance Commission submitted two reports - the first report consisted of recommendations for the financial year 2020-21 and the fi...
- 15th Finance Commission submits final report for FY22-26 to President KovindThe report titled ‘Finance Commission in Covid Times’, contained four volumes each pertaining to an area of the terms of reference of the F...
- View: States outspend the Centre; crippling their fiscal capacity will harm the economyShifting the fiscal centre of gravity means that cutting states’ finances would worsen the slump.
- Criteria of central funding should not be based on population: Arunachal Pradesh CM Pema KhanduPema Khandu said that Arunachal Pradesh is perhaps the only state in North-East deprived of externally aided projects from World Bank, ADB ...
- Essential that state finance commissions are set up after every 5 years: Shaktikanta DasDas said that cooperative federalism should not breed inertia.
- Nitish Kumar writes to Arun Jaitley raising concern over devolutionNitish Kumar has written a letter to Jaitley expressing concern over devolution to the state over the next five years as per the 14th Finan...
- Finance Commission to focus on balance between change, continuityThe efforts of the 14th Finance Commission will be to arrive at a good balance between change and continuity to get optimum benefits.
- Call for emphasis on fiscal federationChairman of the 12th Finance Commission and former Governor of Reserve Bank of India Dr C Rangarajan has called upon econometricians to lay...
- MP asks Centre to focus on development of backward statesMadhya Pradesh on Saturday asked the Centre to concentrate on development of backward states like Bihar, Uttar Pradesh, Madhya Pradesh and ...
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