Page 6 - 15th Finance Commission

Cabinet approves extension to 15th Finance Commission for one year

The cabinet decision means the Commission will recommend its award to six fiscal years, instead of the usual five

States' GST compensation may need to be extended beyond 2022: Report

Serious inconsistencies in data make revenue projection problematic

15th Finance Commission may submit interim report to President on Saturday

Report expected to recommend devolution for FY21

Need alternatives to farm subsidies: Study released by Finance Commission

Procurement-based support could be replaced with price deficiency payments, but in the medium-term, they become difficult to manage

Finance commission chief Singh blasts frequent tinkering with GST rates

He also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog

15th Finance Commission likely to get extension for J&K and Ladakh

Chairman NK Singh says the government is yet to give fresh terms of reference to the panel regarding Jammu and Kashmir and Ladakh

Finance Commission extension depends on terms of reference for J&K, Ladakh

Singh said that the commission will have to work on the devolution formula for the newly bifurcated union territories.

Govt likely to extend 15th Finance Commision's term by six months

Officials say there have been discussions on whether the treatment given to J&K will be unfair to Delhi and Puducherry

Fifteenth Finance Commission raises concerns on debt levels of states

The commission said the overall state debt has risen particularly due to UDAY scheme

UP demands special package from Finance Comm to hit trillion-dollar economy

N K Singh, Commission chairman, said the demand for special packages had emerged from all the 27 states, that the Commission had so far visited, and UP was no different

Come clean on the fisc

If taxes fall short, it should not be covered up

Govt seeks steep cut in devolution to states from existing 42% of tax pool

Finance Commission has written to ministry for a revised memorandum

Kejriwal demands more funds for Delhi under the 'Jammu & Kashmir model'

According to Arvind Kejriwal, under the current modelDelhi gets far less than what it contributes as income tax

GST Council may be asked to decide on compensation to states in 45 days

States have been strongly pitching for extension of the compensation period by three years to 2024-25

Take CMs' views before changing FinCom's terms of reference, says Manmohan

the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security

Not obliged to go by govt's growth projections: Finance Commission chief

The 15th Finance Commission is scheduled to submit its report to the government by November 30

15th Finance Commission may cut number of centrally-sponsored schemes

The Centre, not the Finance Commission, is deciding the evaluation of the schemes and the sub-schemes to be pruned

Making a case for fair treatment of Union Territories in Finance Commission

Call for fiscal autonomy to Union Territories with Assemblies may get louder with 'special status' to J&K in the Finance Commission, say experts

15th Finance Commission likely to cut devolution to states marginally

The new devolution formula could thus be applied to the Centre's tax revenues after deducting from them its capex on defence and internal security

Change in terms of reference of 15th Finance Comm opposed in Rajya Sabha

The new change in terms of reference seeks to allocate fund for defence and internal security before dividing between Centre and states