Search result for 'tax devolution'

Finance Minister: States Should Engage With Finance Commission on Tax Devolution

February 3, 2025 15:03

Finance Minister Nirmala Sitharaman says states should engage with the 16th Finance Commission to address concerns about tax devolution. Southern states argue they get a raw deal due to population...

India Budget 2025: Tax Cuts, Growth, and the Middle Class

February 2, 2025 19:43

Finance Minister Nirmala Sitharaman discusses the 2025 Indian budget, focusing on tax cuts, growth projections, and the impact on the middle class. Read the full interview transcript.

Centre Releases Rs 1.73 Lakh Cr to States for Capital Expenditure

January 10, 2025 15:13

The Indian government released Rs 1.73 lakh crore to state governments for capital expenditure and welfare activities, a significant increase from the previous month.

Centre Releases Rs 1.78 Lakh Cr Tax Devolution to States

October 10, 2024 19:21

The Union government has released Rs 1.78 lakh crore in tax devolution to states, including an advance instalment of Rs 89,086.50 crore ahead of the festive season. This move aims to boost state...

Union Minister Puri Defends Budget, Says it Fulfills Reorganisation Act Commitment

July 27, 2024 19:58

Union Minister Hardeep Singh Puri defends the Union budget, stating it fulfills commitments made under the State Reorganisation Act. He also highlights projects for Maharashtra and benefits for...

SAD Appeals for Tax Devolution Formula Change to 16th Finance Commission

July 22, 2024 21:29

Shiromani Akali Dal (SAD) urges the 16th Finance Commission to modify the tax devolution formula, increase central funds for Punjab, and address issues like crop diversification, farmer debt, and...

India State Revenues to Grow 8-10% in FY24: CRISIL

July 3, 2024 16:00

Revenues of top 18 Indian states are projected to grow 8-10% this fiscal year, driven by robust GST collections and central devolutions, according to a CRISIL Ratings report.

Centre Supports States: Timely Tax Devolution, GST Arrears - Finance Minister

June 22, 2024 16:09

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

Centre authorises release of Rs 1.39 lakh cr tax devolution to states for Jun

June 10, 2024 21:56

The Centre has authorized the release of Rs 1,39,750 crore to states as tax devolution for June. This includes an additional installment, enabling states to accelerate development and capital...

16th Finance Commission Seeks Public Views on ToR

May 8, 2024 17:49

The 16th Finance Commission invites public input on its terms of reference, including tax devolution formula and state fund augmentation measures. Submit your views by October 31, 2025.

State Borrowing Costs Hit 32-Week Low: 7.40% | PTI

March 5, 2024 18:18

State borrowing costs fell to a 32-week low of 7.40% on Tuesday, driven by lower supplies and a decrease in auctioned debt. Interest rates have been trending downward since February, after the...

India's Economy Resilient Despite Shocks: RBI MPC Member

March 1, 2024 11:30

RBI MPC member Ashima Goyal highlights India's economic resilience despite global shocks and advocates for counter-cyclical policies to maintain stability.

Centre Releases Rs 1.42 Lakh Cr Tax Devolution to States

February 29, 2024 22:41

The Centre has released an additional Rs 1.42 lakh crore to state governments as part of tax devolution, aimed at strengthening their finances for social welfare and infrastructure.

Artha Global's Rajadhyaksha Can't Join 16th Finance Commission

February 19, 2024 17:30

Artha Global Executive Director Niranjan Rajadhyaksha has expressed his inability to join the 16th Finance Commission due to personal reasons, the Finance Ministry said.

Sitharaman Meets 16th Finance Commission Chairman

February 16, 2024 16:04

Finance Minister Nirmala Sitharaman met with the 16th Finance Commission Chairman, Arvind Panagariya, to discuss the commission's terms of reference. The commission will recommend tax devolution...

India's Interim Budget 2024-25: Rs 47.6 Lakh Crore, Focus on Capex

February 8, 2024 21:28

India's interim budget focuses on capital expenditure, with Rs 11.11 lakh crore allocated to infrastructure. Finance Minister Nirmala Sitharaman defends the budget, highlighting its focus on...

Karnataka Funds Released Timely: FM Nirmala Sitharaman

February 7, 2024 20:56

Finance Minister Nirmala Sitharaman assured the Lok Sabha that the Centre has timely released all funds due to Karnataka, rebutting claims of financial injustice. She highlighted the significant...

States' Borrowing Cost Drops to 18-Month Low at 7.48%

February 6, 2024 21:08

States' borrowing cost declined to 7.48% at the latest auction, marking an 18-month low. The lower supply was attributed to the upward revision in tax devolution in the revised estimates for FY24...

India's Debt Reduction Measures: FM Highlights Key Initiatives

February 5, 2024 15:31

Finance Minister Nirmala Sitharaman details government measures to reduce India's debt burden, including increased capital expenditure, tax revenue buoyancy, and PM schemes like Mudra Yojana & Jan...

Interim Budget: Economists Hail Realistic Fiscal Numbers

February 1, 2024 15:45

Economists praise India's interim budget, highlighting the government's commitment to fiscal consolidation and realistic deficit projections. Experts see this as a positive sign for economic...

16th Finance Commission Members Appointed: Govt Names 4 Experts

January 31, 2024 10:22

The government has appointed four members, including former expenditure secretary Ajay Narayan Jha and SBI Group Chief Economic Advisor Soumya Kanti Ghosh, to the 16th Finance Commission.

State Revenue Growth Slows to 5% in FY24: Report

January 28, 2024 13:18

State revenue growth has slowed to 5% in the first eight months of FY24, falling short of the budgeted 17.4%. Lower-than-budgeted SGST, excise duty, and sales tax collections are to blame.

16th Finance Commission: Cabinet Approves 3 New Posts

January 18, 2024 13:33

The Indian Cabinet has approved the creation of three officer-level posts to assist the 16th Finance Commission, chaired by Arvind Panagariya. These posts are crucial for the commission to carry...

Arvind Panagariya Appointed as 16th Finance Commission Chairman

December 31, 2023 14:56

The government has appointed former NITI Aayog vice chairman Arvind Panagariya as the Chairman of the 16th Finance Commission. The commission will submit its report for the five-year period...

State Debt Auction: Interest Rates Rise to 7.63pc - PTI

December 26, 2023 21:31

Interest rates on state debt climbed to 7.63pc in the latest weekly auction, marking the highest cut-off in the current fiscal year. The spread between state and central bonds widened to 48 bps.

West Bengal Receives Rs 5,488cr Tax Devolution

December 23, 2023 17:24

West Bengal received Rs 5,488.88 crore from the Centre as additional tax devolution, bringing the total disbursement to states to Rs 72,961.21 crore. The funds will be used for social welfare and...

Centre Releases Rs 72,961 Cr Tax Devolution to States

December 22, 2023 18:34

The Centre has released an additional installment of Rs 72,961.21 crore in tax devolution to states, aiming to support social welfare and infrastructure development.

16th Finance Commission ToR: More Freedom for Recommendations

November 30, 2023 21:26

Finance Secretary Somanathan explains the shorter Terms of Reference for the 16th Finance Commission, allowing greater flexibility in recommendations for Centre-state financial relations.

16th Finance Commission ToR: Tax Devolution, Disaster Financing

November 29, 2023 16:40

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.

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Search result for 'tax devolution'

Finance Minister: States Should Engage With Finance Commission on Tax Devolution

India Budget 2025: Tax Cuts, Growth, and the Middle Class

Centre Releases Rs 1.73 Lakh Cr to States for Capital Expenditure

Centre Releases Rs 1.78 Lakh Cr Tax Devolution to States

Union Minister Puri Defends Budget, Says it Fulfills Reorganisation Act Commitment

SAD Appeals for Tax Devolution Formula Change to 16th Finance Commission

India State Revenues to Grow 8-10% in FY24: CRISIL

Centre Supports States: Timely Tax Devolution, GST Arrears - Finance Minister

Centre authorises release of Rs 1.39 lakh cr tax devolution to states for Jun

16th Finance Commission Seeks Public Views on ToR

State Borrowing Costs Hit 32-Week Low: 7.40% | PTI

India's Economy Resilient Despite Shocks: RBI MPC Member

Centre Releases Rs 1.42 Lakh Cr Tax Devolution to States

Artha Global's Rajadhyaksha Can't Join 16th Finance Commission

Sitharaman Meets 16th Finance Commission Chairman

India's Interim Budget 2024-25: Rs 47.6 Lakh Crore, Focus on Capex

Karnataka Funds Released Timely: FM Nirmala Sitharaman

States' Borrowing Cost Drops to 18-Month Low at 7.48%

India's Debt Reduction Measures: FM Highlights Key Initiatives

Interim Budget: Economists Hail Realistic Fiscal Numbers

16th Finance Commission Members Appointed: Govt Names 4 Experts

State Revenue Growth Slows to 5% in FY24: Report

16th Finance Commission: Cabinet Approves 3 New Posts

Arvind Panagariya Appointed as 16th Finance Commission Chairman

State Debt Auction: Interest Rates Rise to 7.63pc - PTI

West Bengal Receives Rs 5,488cr Tax Devolution

Centre Releases Rs 72,961 Cr Tax Devolution to States

16th Finance Commission ToR: More Freedom for Recommendations

16th Finance Commission ToR: Tax Devolution, Disaster Financing

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