Page 2 - Finance Commission

Structural weakness

India needs to overhaul the tax system

The importance of EQ over IQ for politicians

Humility, not hubris, should be the middle name of any Indian politician who wants to achieve his goals

Centre tightens rules of grant allocation for transparency, efficiency

The Department of Expenditure order vouches for more effective cash management and bring more efficiency in public expenditure management

N K Singh bats for health DFI, moving sector to concurrent list

'Health is not part of the concurrent list. In light of the pandemic, it's high time we move health as a subject in the concurrent list,' said N K Singh at an event

Decoding 15th FC's estimate of mismatch in two sets of salary income data

The Commission asserts salary incomes shown by taxpayers are understated by 50%, finds scope to extract more direct tax by chasing evasion without changing tax rates; experts aren't convinced

Finance Commission keeps tax devolution for states at 41% in FY22

With grants, the transfer is roughly 50-50 of divisible tax pool between Centre, states; N K Singh says Commission worked without any bias

15th Finance Commission keeps tax devolution to states FY22-26 at 42%

The 15th Finance Commission has recommended that the states be given 42 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26

Political economy of fiscal responsibility

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework

Centre releases Rs 6,195 crore to 14 states: FM Nirmala Sitharaman

A similar amount was released as grant in April-October period of the current financial year

Amid grim fiscal outlook, this 'act of god' could salvage Sitharaman's Budget

If the Finance Commission recommends a smaller tax share for states, the Centre will get more money. On what that would do to 'cooperative federalism', you don't need to guess, writes T N Ninan

Discussion on report over, FinCom set to present it to President on Nov 9

The report will be tabled in Parliament by the union finance minister along with an action taken report of the government

50-year loan likely to strengthen Centre's grip over states' debt

14th Finance Commission had said 2 states could become debt-free from Centre by '25, rest by '30

Post-Covid federalism: How Centre can build and keep trust with states

Automatic, counter-cyclical transfers from the Centre to states can build trust and prevent trust from being corroded

Finance Commission to deliberate on GDP growth, GST compensation

N.K. Singh, the Chairman of the 15th Finance Commission, along with the other members, will hold a day-long meeting with the Economic Advisory Council of the commission on Friday

Centre releases Rs 6,195 cr in revenue deficit grant to 14 states

The Finance Commission provides a mechanism for the Centre to compensate for any revenue loss incurred by states, which is referred to as post devolution revenue deficit grant

Covid-19 impact: Finance Commission discusses new tools for education

The Finance Commission discussed the impact of the new tools of education, including online classes and use of other technology amid the coronavirus pandemic

Noted economist, member of 10th Finance Commission B P R Vithal passes away

Educated at Madrasa-e-Aliya high school, Hyderabad, Vithal graduated from Madras Christian College and joined the Hyderabad Civil Service in 194, qualifying for IAS in 1950

Govt applies the brake on schemes outside the Rs 20 trillion package

Schemes that were given in-principle approval would also be suspended in this financial year

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

Why KCR has started sounding desperate

All states face the problem of reordering their finances. But Telangana more than others because it has committed itself to a path from which it cannot swerve