Page 5 - 15th Finance Commission

15th FC's disaster risk index to address deficiency in state-level funding

The DRI has been developed through a quantitative exercise assigning scores to the probability of hazards and the extent of vulnerability of a state

Budget 2020: States' share in central tax pool seen at 50-year low

The states' revenue from the central tax pool was up 25.8 per cent YoY in FY19, while it was down 0.4 per cent YoY in FY18

15th Finance Commission report: Devolution for FY20-21 cut marginally

Nirmala Sitharaman said that the Centre had decided to "substantially" accept the recommendations of the 15th FC but did not indicate which recommendations it has accepted

Fiscal rectitude or spending push? Budget attempts both, but half-heartedly

If more expenditure in the rural economy is the need of the hour to revive demand, it is debatable if such tax giveaways could have waited till GDP growth picks up a little

Budget 2020: 15th Finance Commission calls for new legal fiscal framework

Expert panel may be set up to define responsibilities of key stakeholders and standards to be followed at all levels of government

15th FC report: Grant to local bodies, transparent reporting on debt, more

Here are the key points

Budget 2020: 15th Finance Commission report pulls no punches on key issues

The 15th FC forecast nominal gross domestic product (GDP) growth for 2020-21 at 11%, but said the projection came with a "downward bias".

Budget 2020: 15th Finance Commission revives performance-linked incentives

To reward states for lower total fertility rate and better tax collection

Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?

The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21

Finance Commission: 41% of taxes go to States; 1% for J&K, Ladakh in FY21

The 15th Finance Commission on Saturday recommended 41 per cent share in the divisible pool of taxes for states and 1 per cent for the newly created Union territories of Jammu & Kashmir and Ladakh for the financial year 2020-21, thus retaining the devolution formula of the earlier Commission. The 14th Commission had recommended the share of states at 42 per cent in the divisible pool of taxes. In her Budget Speech, Finance Minister Nirmala Sitharaman said the commission has given its first report pertaining to 2020-21. "In the spirit of co-operative federalism, I am pleased to announce that we have, in substantial measure, accepted the recommendations of the commission," she said. The commission would submit its final report to the President during the latter part of the year, for five years beginning 2021-22. The first report said that for 2020-21, the commission is inclined to leave the vertical split of divisible pool at the same level as recommended by the 14th ...

Potentially disruptive north-south divide

For national harmony, allocation of revenues and parliamentary seats to states should continue to be based on the 1971 census

Don't reduce devolution

Increasing grants and tied funds not enough

Top 10 business headlines: AGR deadline nears; Bezos phone hack shocks UN

Three companies negotiate the deadline to pay the government dues for spectrum and the UN calls for a probe into the hacking of Amazon boss Jeff Bezos's phone.

15th Finance Commission may hike grants, cut devolution to states

Performance-based incentives planned to reduce friction between Centre, states

Govt addressing issues without waiting for Budget, says Nirmala Sitharaman

She also said that GST collection, which crossed Rs 1 lakh crore per month mark during the last two months, will remain "good" in coming days

Year in Review: Citizenship Act to Ayodhya verdict, key decisions of 2019

Days before curtains come down on 2019, we look at the key decisions and ideas that shaped the year

15th Finance Commission treating J&K like any other UT: N K Singh

How can you treat a UT to be anything other than a UT?, Singh said

Budget 2020: Centre may announce sops for states for pollution control

The Commission submitted its interim report for 2020-21 to President Ram Nath Kovind earlier this month

15th Finance Commission submits its report for FY21 to FM Sitharaman

The Commission had a wide-ranging terms of reference contained in the Presidential Notification

Fifteenth FC may have kept devolution of divisible tax pool unchanged

The interim report is likely to be made public just before or on the day of the Budget