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