Search result for 'divisible pool'

Kerala FM meets Finance Commission chief, discussing GST rate cuts & potential revenue loss of Rs 8,000-10,000 crore for the state.

India's central government aims to collect over Rs 4.18 lakh crore from cess and over Rs 1.72 lakh crore from surcharge in FY26, showing significant growth over FY25.

Karnataka CM Siddaramaiah seeks increased allocation from central tax pool for 2026-31 from the 16th Finance Commission, citing a drop in the state's share under the 15th Finance Commission.

Punjab Chief Minister Bhagwant Mann has requested a special industrial package for the state's border districts, along with other financial assistance, during the NITI Aayog's 10th governing...

Haryana presented its fiscal strength & growth vision to the 16th Finance Commission, highlighting economic achievements & advocating for increased devolution of tax revenue. The commission was...

Congress chief Mallikarjun Kharge criticizes Modi government for collecting Rs 38.89 lakh crore in cess on petrol & diesel since 2014, alleging it 'squeezed' states' rightful...

Many states have demanded a higher share from the central divisible pool, raising their share from 41% to 50%. The 16th Finance Commission is currently touring states to assess their demands.

Economist Arvind Panagariya says citizens must decide if they want freebies or better infrastructure. Goa seeks increased funds from the divisible pool, pushing for a larger share of central revenue.

Kerala demands a special package of Rs 24,000 crore to address its liquidity crisis and Rs 2,000 crore for Wayanad relief works, highlighting concerns over GST implementation and fiscal constraints.

Finance Commission Chairman Arvind Panagariya encourages states to increase revenue generation for fiscal independence, while assuring continued devolution of grants.

Gujarat government has demanded a hike in the states' share of Central taxes from 41% to 50%. The 16th Finance Commission, led by Arvind Panagariya, is visiting Gujarat to discuss resource allocation.

Karnataka CM Siddaramaiah has requested the 16th Finance Commission to cap cesses and surcharges at 5% of gross tax revenue and increase vertical devolution to 50%. He also highlighted the state's...

Karnataka CM Siddaramaiah argues for a balance between equity and performance in the 16th Finance Commission recommendations, urging a larger share of resources for states like Karnataka that...

Karnataka CM Siddaramaiah urges the 16th Finance Commission to balance equity with efficiency and performance in resource allocation, highlighting the need for a larger share of resources for...

Kerala Finance Minister K N Balagopal calls for a state-specific financial approach from the Centre, highlighting the state's financial challenges and need for flexible CSS utilization.

Finance Minister Nirmala Sitharaman highlights Centre's support to states through tax devolution, GST compensation arrears, and interest-free loans for reforms.

The 16th Finance Commission's ToR focuses on tax devolution between Centre & states, reviewing disaster management funding, and recommending revenue augmentation measures for states. Learn more.