Page 9 - Finance Commission

TN lost Rs 4,073 cr due to Centre's GST fund allocation formula: Governor

He added the matter has been referred to a Group of Ministers by the GST Council and he sought for an early favorable decision

Uddhav Thackeray's big test as Maharashtra CM: Finding money for farmers

The new government will have to factor in the economic slowdown and the dip in tax collection before committing the state's finances to various projects

Fifteenth FC may have kept devolution of divisible tax pool unchanged

The interim report is likely to be made public just before or on the day of the Budget

Finance panel may reject Rs 835-bn package to help fight air pollution

Emissions from power plants are one of the biggest causes of the chronic smog now seen in New Delhi

Fifteenth Finance Commission raises concerns on debt levels of states

The commission said the overall state debt has risen particularly due to UDAY scheme

UP demands special package from Finance Comm to hit trillion-dollar economy

N K Singh, Commission chairman, said the demand for special packages had emerged from all the 27 states, that the Commission had so far visited, and UP was no different

Industry should not expect any more big-bang GST rate cuts: Assam FM

We are working on simplifying the return filing process, but as for rates, (there will be no decision) before we see the report by the Finance Commission, he said

Letter to BS: FC chairman N K Singh needs to be more specific, transparent

Such statements will only contribute to trust deficit among stakeholders

Finance panel won't accept Centre's GDP forecasts, says N K Singh

The medium-term fiscal policy statement, tabled as part of the Union Budget 2019-20, forecasts nominal GDP for 2019-20 to grow 11 per cent year-on-year

Not obliged to go by govt's growth projections: Finance Commission chief

The 15th Finance Commission is scheduled to submit its report to the government by November 30

15th Finance Commission may cut number of centrally-sponsored schemes

The Centre, not the Finance Commission, is deciding the evaluation of the schemes and the sub-schemes to be pruned

15th Finance Commission likely to cut devolution to states marginally

The new devolution formula could thus be applied to the Centre's tax revenues after deducting from them its capex on defence and internal security

Finance Commission to 'reconcile data', come up with own conclusion

Various sources of data would be used for comparison, for states in particular, the finance commission officials said

Finance Commission says will 'reconcile data' after row over statistics

A group of more 100 top economists had earlier this year expressed concerns over 'political interference' in statistical data.

15th Finance Commission likely to pitch for more powers to local bodies

The 15th FC is also likely to bring back performance-based incentives for states, wherein they will be assessed on certain parameters

Crucial for federalism

Finance Commissions are central to the Constitution

States may get incentives for controlling population, says N K Singh

The recommendations of the current commission will be applicable for a period of five years from April 1, 2020

Can terms of reference of Finance Commissions be changed? Yes, say experts

Precedents such as changes in the ToR of the 14th Finance Commission following the creation of Telangana

Terms of reference of 15th Finance Commission

A major item which has led to the controversy is that the Commission shall use the population data of 2011 while making its recommendations

15th Finance Commission: Moving on

Since the 10th FC, the most important parameter in the horizontal devolution formula has been the income distance criterion