TAG: Finance Commission
Finance Commission can create more fiscal space for states through grants
BY Sumalatha BS, Aswathy Rachel Varughese & Anitha Kumary L A pressing issue in India’s fiscal federal landscape that demands due attention is the declining share of Finance Commission (FC) grants to states. Its share in total central transfers to the...
1 week ago
Centre releases Rs 1.78 lakh cr tax devolution to states, including advance instalment for festive season
In a significant move ahead of the festive season, the Union Government has released Rs 1,78,173 crore to state governments as tax devolution. This release includes an advance instalment of Rs 89,086.50 crore, in addition to the regular instalment due in...
6 days ago
Finance Commission’s vertical devolution needs to be hiked
S Irudaya Rajan and U S MishraFinance commissions are set up every five years as a constitutional obligation to decide on the distribution of divisible pool of taxes by the Centre to the states. The 16th Finance Commission is at work now. Earlier, a major...
23 hours ago
ICRA projects mild dip in combined grants to states in FY25
Rating agency ICRA expects the tax devolution in FY25 to be in line with the amount indicated by the government in the Union Budget published in July 2024.The 13 sample states, which accounted for 82 percent of India’s GDP in FY23, are likely to see a mi...
4 hours ago