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The Central government is likely to set up the 16th Finance Commission this year to suggest, among other things, the ratio in which tax is to be divided between the Centre and states for five years, beginning April 1, 2026. The Delhi CM said that the 14th and 15th Finance Commissions allocated grant- in-aid -- Rs 2,87,436 crore for 2015-2020 and Rs 4,36,361 crore for 2021-26, respectively -- for the local bodies in the country. This amounts to Rs 500 per capita per year to the urban local bodies, he said.

Ahead of constitution of the 16th Central FC, Kejriwal has written to Nirmala, flagging Delhi's "frozen" share in central pool of taxes.

Alleging ”stepmotherly and unfair” treatment by the Centre, Kejriwal said Delhi’s share in central pool of taxes was ”frozen at astonishingly low” amount of Rs 350 crore for the last 23 years

RTI and social activist Binu Kumar Mahto has received bundles of papers, weighing about 400 kg and packed in five sacks, from the authorities — all ph

Bhubaneswar: The state government on Monday received Rs 5,356 crore as third instalment of tax devolution from the Centre.