Page 2 - Finance Commissions News Today

Union Minister V Muraleedharan on Thursday launched a two-for-one attack on the ruling Left Front in Kerala and the Congress, accusing the former of mishandling the state economy and the latter of having lost the peoples' trust.

Successive central governments have accepted what the Finance Commission has recommended in the past, including the rise in states’ share from the divisible pool. States should now prioritise tax reforms and bolster fiscal capacity to reduce reliance on transfers.

Whatever be the compulsions, such a polarising comment from an MP belonging to a national party is condemnable and sets a bad precedent.

The lower share of devolution in the kitty of the less populous and fiscally stronger southern states is one of the key reasons behind the north, south dispute over central funds.

India News: Discover the adverse observations on Kerala's financial health and debt situation as highlighted by the Attorney General in a note submitted to the Supreme Court. Explore the impact of Kerala's fiscal edifice on the country's credit rating and financial stability.

From Mumbai to Bengaluru, municipal corporations are being temporarily run by states, and not elected bodies

One of the shortest policy addresses by a Kerala governor, skipped portions include the state's criticism of the Centre over its fiscal approach

Noting that the consistent decline in the awards of the successive Finance Commissions serves as a compelling case in point, the document said Kerala witnessed a decline in its share of taxes devolved by the Union Government from 3.88 per cent during the 10th Finance Commission period (1995-2000) to a mere 1.92 per cent during the 15th Finance Commission period (2021-2026).

Thiruvananthapuram, Jan 25 (PTI) The Kerala Government on Thursday criticised the BJP-led Centre's fiscal approach towards the state, noting that the state had to seek a solution to the financial impasse in the Supreme Court.

Hidden debt is a major problem across the world that the G20’s Data Gaps Initiative needs to resolve.