Finance Commission

Fifteenth Finance Commission concerned over revenue fall

Fifteenth Finance Commission said this can pose a major problem for the government

published on : 18th November 2019

Telangana crossed fiscal deficit limit of 3.5 per cent in 2017-18 financial year

Fiscal deficit as a percentage of GSDP was 3.55 per cent and marginally exceeded the ceiling of 3.5 per cent fixed by the 14th Finance Commission, the CAG report stated

published on : 23rd September 2019

Push for Hindi aimed at higher devolution of taxes to Northern states: M Shashidhar Reddy

With the present trend of population growth, the South will only lose more LS seats on the basis of 2031 population, which will go to the Hindi-belt’s Northern states.

published on : 19th September 2019

Government should take CMs' views before changing Finance Commission's terms of reference: Manmohan

The commission, which has been mandated to use 2011 census data rather than the one of 1971 for resource allocation, was to submit its report by October 30, 2019.

published on : 14th September 2019

Will make own independent judgment on growth projections: Finance Commission

The 15th Finance Commission is scheduled to submit its report to the government by November 30.

published on : 13th September 2019

Now, Fifteenth Finance Commission may recommend pruning Centrally Sponsored Schemes

According to reports, the FFC is likely to recommend that the Central government either prune or eliminate some CCSs.

published on : 11th September 2019

Telangana CM K Chandrashekhar Rao announces new Revenue Act in coming Budget session

According to a report announced by the Central government, in 2018-19 financial year, Telangana figured among the top states in Gross State Domestic Product (GSDP) with 14.84 per cent growth rate.

published on : 15th August 2019

Himachal Pradesh CM Jairam Thakur seeks Rs 2,000 crore grant for Mandi airport

The CM requested Finance Commission chairman N K Singh to consider state-specific grants for development in various sectors and railway expansion.

published on : 6th August 2019

Telangana sees fall in grants and revenue receipts from Centre

The 18 per cent cut of funds includes a five per cent cut with regards to Centrally Sponsored Schemes (CSS). Cuts do not bode well for State govt schemes such as Rythu Bandhu, Rythu Bhima.

published on : 2nd August 2019

Odisha legislators express concern over reduction in Central assistance to state

Besides, the FFC had also recommended that the State’s share in Central taxes should be `48,250 crore in 2019-20.

published on : 30th July 2019

Kejriwal, Sisodia meet Finance Commission Chairman, demand higher share in central taxes

Kejriwal said for the growth of the nation, Delhi contributes Rs 1.75 lakh crore as income tax to the Centre but gets back only Rs 325 crore for its own development.

published on : 26th July 2019

Chief ministers' panel on agriculture favours linking grants with reforms

A proposal to this effect was discussed at the first meeting of a 'High-Powered Committee of Chief Ministers for Transformation of Indian Agriculture' on Thursday.

published on : 18th July 2019

Finance panel to suggest defence fund allocation

Currently, the Centre-state formula for resource sharing as drawn up by previous finance commissions is 58:42.

published on : 18th July 2019

Centre extends 15th Finance Commission's term by a month till November 30

The government notified the 15th Finance Commission to suggest the formula for devolution of funds to states by the Centre for five years commencing April 1, 2020.

published on : 17th July 2019

'Special Category' tag demand of Odisha rejected

MoS Home Nityanand Rai said that the 14th Finance Commission has not made any distinction between special and general category states.

published on : 5th July 2019
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