Page 8 - Finance Commission

As freebies debate rages, a look at states' contingent liabilities

The net borrowing ceiling of states is mandated by the FRBM Act. However, the upper limit of what their contingent liabilities can be is set by states' own legislative bodies

What's a freebie? Experts dissect basic definition amid SC hearings

'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'

Your oral remarks in the 'freebie' case damaged our reputation: EC tells SC

Responding to a PIL filed by lawyer Ashwini Kumar Upadhyay in the Supreme Court, EC said that they support setting up an expert panel to discuss freebies, but it can not be a part of it

SC wants political parties to suggest how to regulate 'freebie culture'

Govt says freebies inevitably lead to economic disaster

Supreme Court observation on freebies is judicial overreach, say experts

The SC had sought a reply from the Centre till the next hearing on August 3

Rational freebies

Only legislatures can decide the parameters of welfare spending

Of 1,800 fast track courts recommended by 14th FC, 914 functional: Govt

The 14th Finance Commission had recommended setting up of 1,800 fast track courts (FTCs) during 2015-2020, but 914 are functional in various states as of now, Lok Sabha was informed on Friday.

India needs constellation of actions to deal with climate change: N K Singh

Singh said the climate change issue goes far beyond the confines of the Constitution as it has multiple dimensions

BS-Seema Nazareth Award: NK Singh calls for Parliament, GST, health reforms

Finance Commission Chairman shares his vision to make the economy deliver over next 30 years

Structural weakness

India needs to overhaul the tax system

The importance of EQ over IQ for politicians

Humility, not hubris, should be the middle name of any Indian politician who wants to achieve his goals

Centre tightens rules of grant allocation for transparency, efficiency

The Department of Expenditure order vouches for more effective cash management and bring more efficiency in public expenditure management

N K Singh bats for health DFI, moving sector to concurrent list

'Health is not part of the concurrent list. In light of the pandemic, it's high time we move health as a subject in the concurrent list,' said N K Singh at an event

Decoding 15th FC's estimate of mismatch in two sets of salary income data

The Commission asserts salary incomes shown by taxpayers are understated by 50%, finds scope to extract more direct tax by chasing evasion without changing tax rates; experts aren't convinced

Finance Commission keeps tax devolution for states at 41% in FY22

With grants, the transfer is roughly 50-50 of divisible tax pool between Centre, states; N K Singh says Commission worked without any bias

15th Finance Commission keeps tax devolution to states FY22-26 at 42%

The 15th Finance Commission has recommended that the states be given 42 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26

Political economy of fiscal responsibility

The economy requires a fiscal battle plan and this, in turn, requires a fiscal responsibility framework

Centre releases Rs 6,195 crore to 14 states: FM Nirmala Sitharaman

A similar amount was released as grant in April-October period of the current financial year

Amid grim fiscal outlook, this 'act of god' could salvage Sitharaman's Budget

If the Finance Commission recommends a smaller tax share for states, the Centre will get more money. On what that would do to 'cooperative federalism', you don't need to guess, writes T N Ninan

Discussion on report over, FinCom set to present it to President on Nov 9

The report will be tabled in Parliament by the union finance minister along with an action taken report of the government