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Experts said the Centre would comfortably meet the downwardly revised fiscal deficit target for the fiscal. The fiscal deficit in absolute terms was revised down to ₹ 17.35 lakh crore or 5.8% of gross domestic product (GDP) from the earlier budget estimate of ₹17.87 lakh crore. ....
Karnataka s GST Council rep challenges FM for debate on tax devolution claims. Minister disputes FM s assertion on taxes, seeks special grants. BJP CMs back Karnataka s claim. FM denies bias, rejects special grant allegations. ....
Amidst controversies, Sitharaman reaffirms Centre s timely allocation of funds, highlighting significant disbursements for Karnataka s development initiatives ....
The Centre needs to revisit the 'income distance' criterion, which gets a heavy weightage in the computation of tax devolution. Southern states, in turn, need to address their own pain points. It's give some, take some. ....