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15th finance commission

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The chairman of the 15th Finance Commission NK Singh(Sonu Mehta/ HT Archive)

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.
The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the central cess and surcharges as they are not part of the tax devolution to the states. (REUTERS)
The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the central cess and surcharges as they are not part of the tax devolution to the states. (REUTERS)

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.
The chairman of the 15th FC, NK Singh says that the population reflects the need; the weight given to geographical area represents the need; the income distance criterion, namely the per capita income, represents the equity part.(Sonu Mehta/ HT Archive)
The chairman of the 15th FC, NK Singh says that the population reflects the need; the weight given to geographical area represents the need; the income distance criterion, namely the per capita income, represents the equity part.(Sonu Mehta/ HT Archive)

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.
“We have done an exercise. There are 131 centrally sponsored schemes. We intend to reduce the number of schemes by approximately one third taking into account the recommendations of the Finance Commission,” Somanathan said in an interview.(ANI)
“We have done an exercise. There are 131 centrally sponsored schemes. We intend to reduce the number of schemes by approximately one third taking into account the recommendations of the Finance Commission,” Somanathan said in an interview.(ANI)

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.
“On the recommendation of the 15th Finance Commission, we have undertaken a detailed exercise to rationalise and bring down the number of centrally sponsored schemes. This will enable consolidation of outlays for better impact,” Nirmala Sitharaman said.(HT Photo)
“On the recommendation of the 15th Finance Commission, we have undertaken a detailed exercise to rationalise and bring down the number of centrally sponsored schemes. This will enable consolidation of outlays for better impact,” Nirmala Sitharaman said.(HT Photo)

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.
The states received around <span class='webrupee'>₹</span>650,000 crore from central taxes in 2019-20. This number went down to about <span class='webrupee'>₹</span>549,000 crore in 2020-21.(HT Photo)
The states received around 650,000 crore from central taxes in 2019-20. This number went down to about 549,000 crore in 2020-21.(HT Photo)

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 chairman NK Singh with other members after conclusion of their deliberations on the report for the year 2021-2022 to 2025-2026 on October 30.(PTI file)
15th Finance Commission chairman NK Singh with other members after conclusion of their deliberations on the report for the year 2021-2022 to 2025-2026 on October 30.(PTI file)

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
Former Reserve Bank of India (RBI) governor Y. V. Reddy, who also chaired the 14th Finance Commission.(HT PHOTO)
Former Reserve Bank of India (RBI) governor Y. V. Reddy, who also chaired the 14th Finance Commission.(HT PHOTO)

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.
Andhra Pradesh Chief Minister N Chandrababu Naidu is hosting the finance ministers of five states not governed by the BJP.(Mohd Zakir/HT file photo)
Andhra Pradesh Chief Minister N Chandrababu Naidu is hosting the finance ministers of five states not governed by the BJP.(Mohd Zakir/HT file photo)

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.
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