The Centre has devolved over Rs 3.09 lakh crore to states till July of the Rs 10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Tuesday. “Out of Rs 10.21 lakh crore estimated to be transferred to states for the FY 2023-24, Rs 3,09,521.22 … Read more
The Communist Party of India-Marxist will organise a roundtable conference on the problems faced by village panchayats in the State, here on July 11. CPI(M) state secretary V. Srinivasa Rao, in a statement on Sunday, requested the State government to immediately release the 15th Finance Commission funds to the village panchayats. Also, the State government … Read more
A plan to develop eight new cities to alleviate population burden on the existing urban centres in the country is under consideration, a senior official said, in Indore, on May 18. “The 15th Finance Commission in one of its reports had recommended that new cities should be developed,” said M. B. Singh, director of the … Read more
For better central-state relations, GoI would do well by recognising the need for a long-term solution and acting swiftly. Synopsis Despite the bold indirect tax reform of 2017, no consensus has been reached yet on including petrol and diesel within the goods and services tax’s (GST) ambit. Until fuel is included in GST, it will … Read more
The government released Rs 6,195 crore as the eight equated monthly installment of post-devolution revenue deficit grants to 14 states on Tuesday. “Based on the 15th Finance Commission interim recommendations, the Govt has released Rs 6,195.08 crore to 14 states on account of the eighth equated monthly installment of Post Devolution Revenue Deficit Grant,” finance … Read more
NK Singh, Chairman, 15th Finance Commission Synopsis Chairman of the 15th Finance Commission NK Singh speaks to ET on the Commission’s reading of the economy and its recovery path, the need for a stimulus and GST compensation to states, ahead of publishing its final report. Chairman of the 15th Finance Commission NK Singh speaks to … Read more