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Members of the 15th Finance Commission led by Chairman, N.K. Singh called on President Ram Nath Kovind and submitted the Commission's report for 2021-26, at Rashtrapati Bhavan in New Delhi on Monday. (ANI Photo)

15th Finance Commission submits report to Kovind

Hindustan Times, New Delhi | By Zia Haq
PUBLISHED ON NOV 10, 2020 03:52 AM IST
The report contains a chapter on health care scenario of the country.
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
The NK Singh-led 15th Finance Commission assigned 15% weight to the population of a state, down from 17.5% earlier.(MINT file photo)
The NK Singh-led 15th Finance Commission assigned 15% weight to the population of a state, down from 17.5% earlier.(MINT file photo)

‘Population skew’ in resources to be balanced out by 15th FC

New Delhi | By Zia Haq
UPDATED ON NOV 07, 2020 07:12 PM IST
The economic damage caused by the pandemic has resulted in inflation-adjusted gross domestic product (GDP) shrinking 23.9% in the June quarter.

Infighting in Himachal BJP: Dhawala to approach Jai Ram over dissolution of Jawalamukhi unit

Hindustan Times/Shimla | By Gaurav Bisht
UPDATED ON NOV 01, 2020 10:56 PM IST
Infighting between the party’s influential organisational secretary Pawan Rana and former minister Ramesh Dhawala had prompted the party to dismantle the Jawalamukhi block
The finalisation of the report, that will divide taxes between the Centre and states, comes at a time when states and the Centre are at loggerheads over the Goods and Services Tax compensation.(Getty Images/iStockphoto)
The finalisation of the report, that will divide taxes between the Centre and states, comes at a time when states and the Centre are at loggerheads over the Goods and Services Tax compensation.(Getty Images/iStockphoto)

Finance Commission to submit five-year report on November 9

Hindustan Times, New Delhi | By HT Correspondent | Edited by Zara Khan
PUBLISHED ON OCT 30, 2020 04:50 PM IST
The report will contain recommendations for the next five years, beginning 2021-22, and is likely to be tabled in the Parliament along with an action-taken report by the government on February 1
Rangarajan and Kelkar chaired the 12th and 13th Finance Commissions, respectively.
Rangarajan and Kelkar chaired the 12th and 13th Finance Commissions, respectively.

15th Finance Commission on course to finalise report by end of this month

New Delhi | By Press Trust of India | Posted by Arpan Rai
PUBLISHED ON OCT 28, 2020 06:17 PM IST
The 15th Finance Commission is mandated to make their final report for 2021-26 available by October 30, 2020. The Commission remains on course to complete their task, it added.
The 15th Finance Commission has also been mandated to additionally review the impact of the 14th Finance Commission recommendations (which increased states’ share to 42%) on the fiscal position of the Centre.(AFP)
The 15th Finance Commission has also been mandated to additionally review the impact of the 14th Finance Commission recommendations (which increased states’ share to 42%) on the fiscal position of the Centre.(AFP)

Cut in states’ share in tax may become next big flashpoint

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON OCT 27, 2020 05:05 AM IST
Chairman of the 15th Finance Commission NK Singh declined to comment on the issue due to reasons of confidentiality.
Chief economic adviser Krishnamurthy Subramanian believes India’s growth will bounce back on the wings of several reforms done in many sectors. (Photo: Ramesh Pathania/ Mint Archives)
Chief economic adviser Krishnamurthy Subramanian believes India’s growth will bounce back on the wings of several reforms done in many sectors. (Photo: Ramesh Pathania/ Mint Archives)

India’s nominal GDP to grow 19 per cent in 2022, finance ministry pins hopes on reforms

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON SEP 20, 2020 07:13 PM IST
In the first quarter of this financial year, the nominal GDP contracted by 22.6 per cent to Rs 38.08 lakh crore, compared to Rs 49.18 lakh crore in the same period last year.
This was the sixth equated monthly instalment of the post-devolution revenue deficit grants to 14 states.(Representational image)
This was the sixth equated monthly instalment of the post-devolution revenue deficit grants to 14 states.(Representational image)

Union government releases Rs 6,195 crore as grant to 14 states

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 11, 2020 01:57 PM IST
The post-devaluation revenue deficit grant to states comes as per the recommendation of the 15th Finance Commission to provide them additional resources during the coronavirus crisis
HT Image
HT Image

Bank peon held for theft at IAS officer’s Manimajra house

Hindustan Times, Chandigarh | By HT Correspondent
UPDATED ON SEP 09, 2020 12:03 AM IST
Vikram alias Vicky alias Cheppu (25) of Mauli Jagran Complex in Chandigarh was arrested by the operation cell of Chandigarh police within 24 hours after committing the crime
A man wearing a protective mask pours bird feed on to the ground at a deserted Gateway of India in Mumbai.(Bloomberg)
A man wearing a protective mask pours bird feed on to the ground at a deserted Gateway of India in Mumbai.(Bloomberg)

‘Development matrix’ may define share given to states

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON JUL 21, 2020 12:24 PM IST
Finance commissions rely on a host of yardsticks in deciding a state’s share in the nation’s financial resources, such as taxes.
The Union government on Wednesday released the fourth instalment of Rs 6,195.08-crore grant-in-aid to 14 states(Bloomberg)
The Union government on Wednesday released the fourth instalment of Rs 6,195.08-crore grant-in-aid to 14 states(Bloomberg)

Centre releases Rs 6,195 crore in grants for 14 states

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON JUL 09, 2020 03:56 AM IST
The 14 states include Andhra Pradesh, Assam, Kerala, Tamil Nadu and West Bengal among others.
India’s overall health spending has consistently lagged global averages, leading to poor health outcomes.(PTI)
India’s overall health spending has consistently lagged global averages, leading to poor health outcomes.(PTI)

Finance panel focus on raising health spending to 2.1% of GDP

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON JUL 08, 2020 06:19 AM IST
On Tuesday, Singh led a brainstorming session on the country’s health sector and the current Covid-19 pandemic with officials from the World Bank, the Niti Aayog, health economists and sectoral experts.
Stranded migrant workers queue to collect health certificates, Pune, May 6, 2020(Ravindra Joshi/HTPhoto)
Stranded migrant workers queue to collect health certificates, Pune, May 6, 2020(Ravindra Joshi/HTPhoto)

Indian states are short of money. They need help | Opinion

By Avani Kapur and Udit Ranjan
UPDATED ON MAY 17, 2020 06:48 PM IST
Changes of the past six years had put their finances in a precarious position. The current measures aren’t enough
Data given in the Reserve Bank of India’s Study of State Budgets puts total receipts of all states with assemblies in 2019-20 at Rs 39.2 lakh crore.(Getty Images/iStockphoto)
Data given in the Reserve Bank of India’s Study of State Budgets puts total receipts of all states with assemblies in 2019-20 at Rs 39.2 lakh crore.(Getty Images/iStockphoto)

State finance minister’s job an unenviable one

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON FEB 17, 2020 09:31 AM IST
In this year’s Budget, the Revised Estimate (RE) figure for 2019-20 under this head is Rs 6.6 lakh crore, only 77% of the promise made in the Interim Budget.
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy wrote to PM Modi seeking special status for Andhra Pradesh.(ANI Photo)
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy wrote to PM Modi seeking special status for Andhra Pradesh.(ANI Photo)

Jagan writes to PM Modi seeking special status for Andhra, claims it is within Delhi’s powers

Hindustan Times, Hyderabad | By Srinivasa Rao Apparasu
UPDATED ON FEB 05, 2020 05:16 PM IST
The chief minister said since the Centre had cited the observations of 14th finance commission for denying special category status to AP, the state government had made a fresh request with the 15th finance commission for the same.
People watching sensex update outside BSE in Mumbai, February 1, 2020(Anshuman Poyrekar/HT Photo)
People watching sensex update outside BSE in Mumbai, February 1, 2020(Anshuman Poyrekar/HT Photo)

Budget 2020: Tactics over strategy

By Suyash Rai
PUBLISHED ON FEB 02, 2020 07:43 PM IST
There are questions about fiscal deficit, tax reforms and expenditure management
Finance minister Nirmala Sitharaman, while presenting the union budget for 2020-21 in Parliament on Saturday, said the 15th Finance Commission has given its first report for 2020-21.(ANI Photo)
Finance minister Nirmala Sitharaman, while presenting the union budget for 2020-21 in Parliament on Saturday, said the 15th Finance Commission has given its first report for 2020-21.(ANI Photo)

Budget 2020: Tax devolution to states unchanged

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON FEB 02, 2020 12:52 AM IST
The 14th Finance Commission had recommended a 42% share for states in the divisible pool of taxes.
More than half of India’s coal-fired power plant units ordered to retrofit equipment to curb air pollution are already set to miss the deadline.(HT Photo)
More than half of India’s coal-fired power plant units ordered to retrofit equipment to curb air pollution are already set to miss the deadline.(HT Photo)

Finance Commission likely to reject Rs 835 billion package to cut pollution: Report

New Delhi | By Reuters
UPDATED ON NOV 19, 2019 10:43 PM IST
The Finance Commission was likely to reject the power ministry’s spending proposal, according to the ministry official, who is not authorised to speak to media and so did not wish to be identified.
N K Singh, the chairman of the 15th Finance Commission referred to Prime Minister Narendra Modi’s goal of making India a $5-trillion economy.(Sonu Mehta/HT Photo)
N K Singh, the chairman of the 15th Finance Commission referred to Prime Minister Narendra Modi’s goal of making India a $5-trillion economy.(Sonu Mehta/HT Photo)

Finance commission asks Uttar Pradesh to bring down its debt burden

Hindustan Times, Lucknow | By Umesh Raghuvanshi
UPDATED ON OCT 23, 2019 06:38 AM IST
Uttar Pradesh’s debt burden is 29.8% of the GSDP, according to the Uttar Pradesh Budget Documents 2019-20.
Evidence shows that even modest amounts of performance-based funding has a large effect on efficiency(Sanket Wankhade/HT PHOTO)
Evidence shows that even modest amounts of performance-based funding has a large effect on efficiency(Sanket Wankhade/HT PHOTO)

Go for performance-based funding | Opinion

By Karthik Muralidharan
UPDATED ON OCT 09, 2019 06:30 PM IST
The dilemma is that states which need resources most are the least efficient. There’s a way out
At the beginning of the millennium, the per capita income of the five richest states (based on per capita income) in India was 145% higher than that of the bottom states.(Reuters Photo)
At the beginning of the millennium, the per capita income of the five richest states (based on per capita income) in India was 145% higher than that of the bottom states.(Reuters Photo)

India’s growing regional inequality challenge

Livemint | By Nikita Kwatra, Pramit Bhattacharya
UPDATED ON AUG 28, 2019 05:36 PM IST
On many development parameters, India appears to be almost like a continent, with different states at vastly different stages of development.
The Chhattisgarh police personnel get only 7 percent of their basic salary for renting houses. (Image used for representational purpose only).(HT PHOTO.)
The Chhattisgarh police personnel get only 7 percent of their basic salary for renting houses. (Image used for representational purpose only).(HT PHOTO.)

Chhattisgarh demands Rs 2,150 crore from Centre for police welfare

Hindustan Times, Raipur | By Ritesh Mishra
UPDATED ON JUL 28, 2019 09:21 PM IST
The 15th Finance Commission, headed by Chairman NK Singh along with its members and senior officials were on a three-day visit to Chhattisgarh from July 23 to July 25. The team met senior officials of the Chhattisgarh administration and also CM Bhupesh Baghel.
The CM said that due to the “inadvertent omission” of Article 270(3) of the Constitution, which deals with share of taxes between the Centre and the Union territories, Delhi is missing out on “its legitimate share in central taxes of at least Rs 6,500 crore per annum”.(HT Photo)
The CM said that due to the “inadvertent omission” of Article 270(3) of the Constitution, which deals with share of taxes between the Centre and the Union territories, Delhi is missing out on “its legitimate share in central taxes of at least Rs 6,500 crore per annum”.(HT Photo)

Arvind Kejriwal writes to union home and finance ministers on taxes

New Delhi | By HT Correspondent
UPDATED ON JUL 18, 2019 10:33 PM IST
Kejriwal requested Shah and Sitharaman to look into the matter personally and “provide additional terms of reference to the 15th Finance Commission to enable” it to recommend the legitimate shares of Delhi in central taxes.
Finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth , photo:pradeep gaur/mint
Finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth , photo:pradeep gaur/mint

‘We’ve given ourselves achievable targets,’ says Nirmala Sitharaman

Hindustan Times, New Delhi | By R Sukumar and Shishir Gupta
UPDATED ON JUL 12, 2019 10:41 AM IST
A week after her and the second Narendra Modi-led government’s first budget, finance minister Nirmala Sitharaman sat down with Hindustan Times to discuss the budget’s vision for growth.
The fifth meeting of the governing council of the NITI Aayog, New Delhi, June 15. The primary fault line in India’s fiscal federal architecture is this: the fiscal centralisation, necessary for poorer states, has in fact benefited richer states. Negotiating this fault line will require radical reforms in the design of central schemes(PTI)
The fifth meeting of the governing council of the NITI Aayog, New Delhi, June 15. The primary fault line in India’s fiscal federal architecture is this: the fiscal centralisation, necessary for poorer states, has in fact benefited richer states. Negotiating this fault line will require radical reforms in the design of central schemes(PTI)

Keep the Centre-state channel open

By Yamini Aiyar
UPDATED ON JUL 02, 2019 08:16 PM IST
Even as state governments complained about the centralising nature of the Planning Commission, the commission provided an institutional platform through which states could dialogue (and complain) with the Centre. The challenge for the new Modi government will lie in creating a renewed institutional space for political deliberation and negotiation of Centre-state relations
Bihar CM Nitish Kumar shares a light moment with the public while inspecting Bihar Museum in Patna on Tuesday.(ANI)
Bihar CM Nitish Kumar shares a light moment with the public while inspecting Bihar Museum in Patna on Tuesday.(ANI)

In message to BJP, Nitish Kumar rakes up special category status for Bihar

Hindustan Times, Patna | By Anil Kumar
UPDATED ON MAY 22, 2019 07:44 AM IST
By raking up the special category status, Nitish Kumar has signalled that the JD (U) was keeping its gun powder dry for leveraging the issue during assembly elections next year.
JD(U) general secretary K C Tyagi has said his party would raise the issue of special status once again if the party won 15 or more seats in the ongoing Lok Sabha elections.(Santosh Kumar / HT Photo)
JD(U) general secretary K C Tyagi has said his party would raise the issue of special status once again if the party won 15 or more seats in the ongoing Lok Sabha elections.(Santosh Kumar / HT Photo)

In last lap of Lok Sabha polls, JD(U) renews demand for special status to Bihar

Hindustan Times, Patna | By Vijay Swaroop
PUBLISHED ON MAY 09, 2019 03:42 PM IST
JD (U)’s general secretary KC Tyagi, while talking to a new agency, asked the voters of Bihar to give the party at least 15 or more MPs and it would raise the issue of special status once again.
Economists have urged Finance Commission to prioritize efforts to develop a robust statistical system.(Diwakar Prasad/ Hindustan Times)
Economists have urged Finance Commission to prioritize efforts to develop a robust statistical system.(Diwakar Prasad/ Hindustan Times)

Economists urge Finance Commission to develop robust statistical system

By IANS
UPDATED ON MAY 10, 2019 09:34 AM IST
Several eminent economists, RBI officials have met members of the Finance Commission who are on a two-day visit to Mumbai. Quality of budgeting, revision of methodology towards counting of GDP by the Centre were other concerns raised by the economists.
Reserve Bank of India warns finance panel against populist economic measures(Pradeep Gaur/HTMint)
Reserve Bank of India warns finance panel against populist economic measures(Pradeep Gaur/HTMint)

Populist doles could lead to fiscal slippages: RBI warns Finance Panel

Press Trust of India | By PTI
UPDATED ON MAY 09, 2019 08:50 AM IST
Reserve Bank of India (RBI) has raised concerns that doled out sops to the marginalised sections will stretch the fiscal position of states. RBI has flagged these concerns for a long time fearing the impact of these schemes on inflation rates.
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