Finance Commissions News Today

Finance Ministry releases Rs 7,183 cr revenue deficit grant to 14 states : Rashtra News #Finance #Ministry #releases #revenue #deficit #grant #states The Finance Ministry on Friday said it has released the first instalment of revenue deficit grant of Rs 7,183 crore to 14 states. The grant has been released as per the recommendations of

For every rupee they contribute towards central taxes, Karnataka, Tamil Nadu and Kerala receive a far less as compared with what Bihar and UP corner. Redistribution of resources helps less-developed states bridge the inequality gap. But the southern states aren’t happy. What’s the way out?

Opposition-ruled States, especially southern States, have raised concerns about discriminatory treatment in the current system of fiscal resource sharing between the Centre and the States Various Opposition-ruled States especially from south India have complained of ‘discrimination’ and

The Supreme Court suggested that the Centre should be liberal and offer a one-time package as a special case to Kerala, subject to harsher conditions than other states. The court recommended providing the special package to Kerala by March 31, subject to stringent conditions. Earlier, Kerala had filed a suit against the Centre over financial matters, arguing against interference in the states finances.

Get latest articles and stories on India at LatestLY. The Supreme Court on Tuesday suggested the Centre to be liberal and give a one-time package as a special case to Kerala, subject to harsher conditions than other states. India News | SC Suggests Centre to Be Liberal on Relaxing Borrowing Conditions to Kerala.

The 16th Finance Commission could perhaps incentivize the Centre to merge cesses and surcharges into the basic tax structure in exchange for a lower aggregate share for states.

BJP lawmakers and ministers launched a scathing onslaught on the Congress, leveling accusations of corruption against them during their tenure.

Read the State Finance Commission report that affirms economic injustice to Karnataka due to a significant reduction in its share of central taxes and duties. Find out the recommendations to address the financial challenges faced by the state.

The Centre’s share of taxes and grants that are to be transferred to states are based on a formula recommended by the Finance Commissions.

A White Paper on the Indian economy has been published by the Government Of India and Ministry of Finance.