[
15th finance commission
]
Opted for continuity in deciding tax devolution to states: FC chairman N K Singh
PTI |
UPDATED ON MAR 06, 2021 07:39 PM IST
- The 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26, which is at the same level as was recommended by the 14th Finance Commission.
Cess, surcharge shares doubled to 19.9% in FY 20-21: Report
PTI |
PUBLISHED ON MAR 02, 2021 10:50 PM IST
Under the existing Finance Commission (FC) framework, the cesses and surcharges collected by the Centre are not part of the tax devolution.
HT Interview: We’ve sought to address needs, efficiency, equity, says NK Singh
By Zia Haq
UPDATED ON FEB 05, 2021 06:01 AM IST
The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts.
15th finance commission recommendations: Centrally funded plans face the axe
Livemint | By Asit Ranjan Mishra
PUBLISHED ON FEB 03, 2021 07:36 AM IST
Schemes that have outlived their relevance will be terminated, says expenditure secretary T V Somanathan.
Union Budget takes note of key 15th Finance Commission suggestions
By Zia Haq
UPDATED ON FEB 02, 2021 02:43 AM IST
The FC had proposed a dedicated non-lapsable fund called the “modernisation fund for defence and internal security,” or MEDIS.
States likely to face crisis as govt pegs tax share at 30%
UPDATED ON FEB 02, 2021 02:54 AM IST
The 2021-22 Budget Estimates (BE) figures put states’ share in central taxes at ₹665,563 crore. With Gross Tax Revenues expected to be ₹2,217,059 crore, this share comes to 30%.
15th Finance Commission submits its report today: Key things to know
Hindustan Times, New Delhi | By Zia Haq
UPDATED ON NOV 09, 2020 09:25 AM IST
The report is unlikely to be made public anytime soon and will possibly be tabled in Parliament, along with an action-taken report, by finance minister Nirmala Sitharaman when she presents the Union budget next year on February 1
15th Finance Commission must win the trust of Chief Ministers: Y V Reddy
Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON MAR 31, 2019 09:26 AM IST
The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework.
Finance ministers of 5 Opposition states meet in Amravati to discuss sharing of funds
Hindustan Times, Hyderabad | By Srinivasa Rao Apparasu
UPDATED ON MAY 07, 2018 12:33 PM IST
Andhra Pradesh expected 11 states would take part in the conclave on Finance Commission.