Finance Commission

Cash-strapped Bengal eyes unutilised Rs 2,500 crore lying with state coffers

Under the tied category, 60 per cent of the grant is to be spent on the specific projects chalked out by the panchayats like  drinking water and sanitation schemes.

published on : 23rd December 2022

FM hints at possibility of Centre considering restoration of state status to J&K

In August 2019, the central government abrogated Article 370 of the Constitution, which accorded special status to Jammu and Kashmir, and bifurcated the state into Union territories.

published on : 5th November 2022

After uncertainty, GST finally begins to pay dividends

The crackdown on evasions and wrongful claiming of input tax credits also helped the government shore up collections.

published on : 4th October 2022

SC seeks ideas to set up panel on curbing freebies; Kejriwal disagrees

The Centre, through Solicitor General Tushar Mehta, changed its position and supported the ban on freebies.

published on : 4th August 2022

Karnataka collects Rs 10,000 crore GST

Some experts wondered whether Karnataka could have earned more revenues under the previous non-GST regime.

published on : 2nd August 2022

Seek views of Finance Commission on promise of freebies by political parties: SC to Centre

In April, the ECI had told the SC that offering freebies is a policy decision of a political party, and it cannot regulate state policies and decisions taken by the parties.

published on : 26th July 2022

Centre sanctions additional Rs 7.5 crore to Vijayawada Municipal Corporation to improve air quality 

In the first phase, works estimated around `31 crore, including installation of automatic air quality monitoring sensors, water fountains and battery charging-cumswapping stations etc.

published on : 28th June 2022

Telangana Forum for Good Governance seeks sufficient funds for gram panchayats

 The Forum for Good Governance (FGG) has criticised the State government for insufficient release of funds to gram panchayats.

published on : 10th June 2022

Vijayawada Municipal Corporation to improve drinking water supply in city

Speaking on the occasion, Srinivasa Rao said that drinking water pipelines laid many years ago in various divisions of the constituency were damaged due to leakages.

published on : 13th May 2022

Finance Ministry  releases Rs 7,183 crore revenue deficit grant to 14 states 

The grants are released to the states as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the states post-devolution.

published on : 8th April 2022

FFC grants: Centre to credit its share directly into panchayat accounts

The new arrangement is that the Centre would directly transfer its share of funds to the villages.

published on : 31st March 2022

Assembly should adopt resolutions against privatisation of Discom: Ramadass

Former Lok Sabha member and economist said that the Central government should be urged to include Puducherry under the ambit of the Central Finance Commission.

published on : 30th March 2022

New headache for Modi government? India’s tax collection shortfall pegged at Rs 10 lakh crore

Analysing the structural tax gap in India, the 15th Finance Commission pegged the shortfall in tax collections to be over 5% of GDP as against its potential.

published on : 3rd February 2021

15th Finance Commission marks 42 per cent of divisible tax pool for states

Excluding the union territories of Ladakh and J&K, the tax devolution share suggested by the Finance Commission is 41 per cent of the total divisible pool.

published on : 2nd February 2021

Kerala wants a bigger slice of central tax pie

The Cabinet will urge the NDA Govt to increase the state’s share of central taxes from 42 percent to 50 percent.

published on : 17th May 2018

Bihar CM Nitish Kumar readies to oppose possible changes in 15th Finance Commission’s terms of reference

A day after meeting Prime Minister Narendra Modi in New Delhi, Kumar reportedly directed Bihar’s senior finance department officials to prepare a memorandum.

published on : 3rd May 2018

CPI-M calls 15th Finance Commission TOR biased, demands amendments

It accused the BJP-led Union government of trying to utilize the 15th Finance Commission to further centralise financial powers.

published on : 20th April 2018

Amid stand-off with China, 15th Finance Commission begins national-level consultations with Arunachal Pradesh

The 15th Finance Commission has launched its national-level consultations with Arunachal Pradesh amidst the perception that the exercise will ruffle China’s feathers.

published on : 7th April 2018

15th Finance Commission to rethink using 2011 census data for disbursing tax revenues among states

Southern states protest decision, arguing that they will lose revenue as population growth has been faster in the north.

published on : 31st March 2018

New Finance Commission to study impact of GST on finances: Chairman NK Singh

NK Singh, the newly appointed Chairman of the 15th Finance Commission, today said it is imperative for such a panel to examine implications of GST on finance of the Centre and states.

published on : 27th November 2017
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