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January 20, 2022
Poll bound states of Uttar Pradesh will receive Rs 17,056.66 crore, Uttarakhand Rs 1,063.02 crore, Punjab will receive Rs 1,718.16 crore and Goa is going to get Rs 367.02 crore along with all other states.
January 20, 2022
Telangana state received Rs 1,998 crore, two instalments of Rs 991.31 each, and Andhra Pradesh Rs 3,847 crore
January 20, 2022
Union Minister for Finance Nirmala Sitharaman today authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs 47,541 crore.
November 23, 2021
Earlier this month, Finance Minister Nirmala Sitharaman had said that the Centre would release additional devolution funds due to states on November 22 to enable them to spend more on capital expenditure.
November 23, 2021
The two instalments were released against the normal monthly devolution of Rs 47,541 crore which is given to states by the union finance ministry
June 1, 2021
Read more about The importance of EQ over IQ for politicians on Business Standard. Humility, not hubris, should be the middle name of any Indian politician who wants to achieve his goals
March 8, 2021
N K Singh, chairman of the 15th Finance Commission, on Monday flagged the absence of independent fiscal institutions and lack of flexibility for states to deviate from the fiscal consolidation roadmap in times of emergency. “There is a lack of fiscal institutions in India, it be by your fiscal Council, or by any other institution. While the country has some kind of a fiscal architecture, it does not have independent fiscal institutions,” said Singh during a webinar on India’s Overall Fisc...
March 6, 2021
15th Finance Commission opted for continuity, predictability in deciding tax devolution to states: N K Singh Synopsis The 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26, which is at the same level as was recommended by the 14th Finance Commission. Agencies N K Singh The 15th Finance Commission opted for continuity and predictability and hence retained the share of tax devolution to states at 4...