Page 3 - 15th Finance Commission

Considering fiscal deficit range instead of number, says N K Singh

Singh said the 15th Finance Commission had not sought any extension and will finish its report for 2021-22 to 2025-26 by October 31

15th FC panel suggests giving range for fiscal deficits for Centre, states

Singh said the commission did not brush aside the suggestion, however, a final decision on providing a range as fiscal deficit targets is yet to be taken

MARKET: Sensex tanks 634 pts on broad-based sell-off; Nifty Bank slips 2%

All that happened in the markets today

Once bitten, twice shy: Why states doubt centre will share taxes fairly

States are understandably wary even after getting half the Centre's gross tax revenue in the first quarter of 2020-21

India needs to grow faster in next decade to become key player: N K Singh

Singh said technology, coupled with significant reforms in areas like health, education and maintenance of infrastructure, can make a decisive difference.

Finance Commission group suggests to set up state-led plan for agri exports

The high-level group is of the view that India's agricultural export has the potential to grow from $40 billion to $70 billion in a few years

Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said

Puri seeks higher devolution to urban bodies from 15th Finance Commission

Along with Puri and Mishra, the videoconference meeting was attended by 15th FC Chairman NK Singh and members of the Commission

15th Finance Commission discusses govt's revenue projections in video meet

The meeting was headed by Chairman NK Singh with Finance and Revenue Secretary Ajay Bhushan Pandey, CBDT Chairman Pramod Chandra Mody and CBIC Chairman M Ajit Kumar

The new normal for state borrowings

Have the states shown a lack of prudence in their borrowing programme to tide over the pandemic?

Covid-19 crisis: Health care infra ranking for states expected soon

15th Finance Commission would likely recommend performance-based grants

Discussing alternatives to base year, says 15th FC chairman N K Singh

Singh said that while the current year and part of next year would see a continued slowdown, things could get better from the latter half of 2021-22, and economy may grow at a rapid pace from thereon

Covid-19 crisis: No new scheme for a year as govt tightens purse strings

New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Covid-19: Experts seek income support, cash transfer for those affected

NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Breaching FRBM limits acceptable in pandemic, roadmap necessary: N K Singh

Singh was speaking after the first meeting of the commission's panel on fiscal consolidation, and a meeting on the commission's panel on the health sector

Finance panel's advisory council bats for support to small players, NBFCs

The Commission will wait for gross domestic product (GDP) data in the January-March and April-June quarters before finalising its reports to the government for 2021-22 to 2025-26

India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.

Creating fiscal space for the states

In the second part of a series, the authors say the current uncertainties require room for discretion to serve as a necessary handmaiden of rules that cannot alone cater to all contingencies