Calibrating finances
The Report of the 16th Finance Commission (FC) containing recommendations on the devolution of Central taxes and grants to states was tabled in Parliament on Budget day.
The Report of the 16th Finance Commission (FC) containing recommendations on the devolution of Central taxes and grants to states was tabled in Parliament on Budget day.
In Madhya Pradesh, an amount of Rs 652.55 crore has been released as the second installment of Untied Grants for FY 2024-25.
Ramesh raised two major concerns that could undermine the Budget’s credibility
For Tamil Nadu, grants for rural local bodies for FY 2025–26 have been released, with the first installment of untied grants amounting to ₹127.586 crore.
The President has appointed Mr T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time member of the 16th Finance Commission (XVIFC).
Ahead of the 16th Central Finance Commission, Karnataka Chief Minister Siddaramaiah on Wednesday said that he will strongly demand to increase the tax share during the commission’s meeting.
Chhattisgarh Chief Minister Vishnu Deo Sai made an impassioned plea for special grants for Chhattisgarh in a pivotal meeting with the 16th Central Finance Commission led by Chairman Dr Arvind Panagariya.
It said India has released Rs 3,774.20 crore as the 14th Finance Commission grants and Rs 5,337 crore (as of June 28, 2024) as the 15th Finance Commission grants to the gram panchayats in Kerala.
After meeting with Prime Minister Narendra Modi where key issues concerning Karnataka's development and progress were discussed, Karnataka Chief Minister K Siddaramaiah on Saturday submitted a detailed letter to Prime Minister Modi highlighting key demands and priorities for Karnataka's development.
The 16th Finance Commission is on a three-day visit to Himachal Pradesh to give its recommendations for the next five years.
