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VERTICAL 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...
- Pai-led research group urges Finance Commission to mandate a cap on GST cessAn expert team led by TV Mohandas Pai has urged the 16th Finance Commission to cap cess and surcharges at 10% of gross tax revenue to prote...
- 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...
- Taxpayers expect taxes to work for them, Siddaramaiah tells finance commission; CM cautions against skewed weightage to equityChief Minister Siddaramaiah has urged the Finance Commission to cap cess and surcharge at 5% of gross tax revenue and include collections a...
- 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...
- States object to plan to create defence fund out of divisible central taxesSome states have sent in additional memoranda to the commission over the last two months, pointing out that allocation of funds for defence...
- 15th Finance Commission pegs states’ share at 41%; J&K, Ladakh to receive 1% in FY 21Experts said share of J&K in vertical devolution is 0.85% but panel adjusted it to1%. This will result in a minuscule gain to Centre.
- 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.
- Andhra Pradesh pitches for rewarding states with better finance managementThe AP government today put forth a number of suggestions before the 14th Finance Commission for "rewarding" states based on fiscal managem...
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