Feb 17, 2020-Monday

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Monday, Feb 17, 2020

Finance commission

May 09, 2019 08:09
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. read more
Apr 03, 2019 10:05
Any attempt to reform or create a new body will need to curb Delhi’s tendency to centralise power. read more
Mar 30, 2019 14:20
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. read more
Mar 13, 2019 07:44
Indian states have grown at drastically at different rates over the past 40 years, and seat allocation has not kept pace — leading to different sets of objections from the southern and northern states. read more
Feb 02, 2019 14:35
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%. read more
Jan 31, 2019 14:10
Speaking at a meeting with the commission team headed by NK Singh, the Punjab CM expressed concern over the permanent loss of revenue suffered by the state following the implementation of the Goods and Services Tax (GST). read more
Jan 29, 2019 16:10
NK Singh, the chairman of the fifteenth finance commission says the fiscal space created by the Centre has been compromised due to fiscal profligacy of the states. read more
Jan 29, 2019 14:17
Punjab’s outstanding debt, which was Rs1.96 lakh crore on March 31, 2018, is estimated to touch Rs 2.11 lakh crore at the end of the 2018-19 fiscal, with much of borrowings going into debt servicing. read more
Jan 23, 2019 21:09
The Union Cabinet approved a “landmark” constitutional amendment to increase the powers of the autonomous councils in the Sixth Schedule areas of the Northeast. read more
Jan 18, 2019 00:07
The northeastern states need to be more dependent on their own resources in future and these states, including Tripura, should attract private capital, said 15th Finance Commission chairman Nanda Kishore Singh on Thursday. read more
Oct 05, 2018 06:40
Last year, when India moved to the one-nation-one-tax regime, the Centre promised to compensate individual states for any loss of revenue from the introduction of GST, which subsumed a raft of indirect levies. read more
Sep 19, 2018 22:43
The commission pointed out the growth rate of state’s revenue had fallen to 11.05% in 2014-17 from 17.69% from 2009-13 read more
Sep 18, 2018 04:24
The Maharashtra government is all set to demand from the 15th Finance Commission a special package worth Rs 50,000 crore for Mumbai’s infrastructure read more
Jun 19, 2018 18:38
The PM brought this understanding to the table at the recent Niti Aayog Governing Council meeting read more
Jun 10, 2018 07:37
State’s share in the central tax pool was increased from 32% to 42% in 2015 following the recommendations of the 14th Finance Commission. read more