Page 3 - Finance Commission

Centre releases grants worth Rs 5,140 cr for local bodies of 6 states

Tamil Nadu will be the biggest beneficiary as its urban local bodies will get Rs 987.85 crore

Uproar in Chhattisgarh assembly over use of 14th Finance Commission fund

Opposition accuses Baghel-led govt of misusing the money by constructing cowsheds all over the state

Finance Commission expert group on agri exports to be headed by Sanjiv Puri

The committee will submit its recommendations within three months for further consideration of the Commission, it said

Finance Commission recommends Rs 19,309 cr devolution to Himachal for FY20

The average annual grant under was increased by Modi to Rs 14,407 crore in 14th Finance Commission and now to Rs 19,309 crore in 15th Finance Commission for 2020-2021, he said

KT Rama Rao hits out at Finance Commission over reduced states devolution

The reduction in devolution to 41 per cent from 42 per cent earlier will lead to an up to Rs 4,000 crore hit to Telangana, Rao told reporters on the sidelines of the NTLF here.

Tamil Nadu CM urges FM to release Rs 6374 cr grant recommended by 14th FC

In a letter to Sitharaman, the CM said that of the total amount, Rs 2,029 cr is the arrear towards performance grant from 2017-18 to 2019-2020, and Rs 4,345 cr is the basic grant for 2019-2020.

Advisory Council of 15th Finance Commission to meet on Thursday

The meeting will be chaired by chairman of the Commission, N K Singh, and will be attended by its members including A N Jha, Ashok Lahiri, Ramesh Chand, Anoop Singh and Arvind Mehta.

15th Finance Commission to recommend grants for statistics in second report

Experts say MoSPI can take up leadership role but states will have to do actual work

TN lost Rs 4,073 cr due to Centre's GST fund allocation formula: Governor

He added the matter has been referred to a Group of Ministers by the GST Council and he sought for an early favorable decision

Uddhav Thackeray's big test as Maharashtra CM: Finding money for farmers

The new government will have to factor in the economic slowdown and the dip in tax collection before committing the state's finances to various projects

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

Finance panel may reject Rs 835-bn package to help fight air pollution

Emissions from power plants are one of the biggest causes of the chronic smog now seen in New Delhi

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

Industry should not expect any more big-bang GST rate cuts: Assam FM

We are working on simplifying the return filing process, but as for rates, (there will be no decision) before we see the report by the Finance Commission, he said

Letter to BS: FC chairman N K Singh needs to be more specific, transparent

Such statements will only contribute to trust deficit among stakeholders

Finance panel won't accept Centre's GDP forecasts, says N K Singh

The medium-term fiscal policy statement, tabled as part of the Union Budget 2019-20, forecasts nominal GDP for 2019-20 to grow 11 per cent year-on-year

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

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