-
The Commerce and Industry Ministry today said it is working on a new initiative - Trade Infrastructure for Export Scheme (TIES) which aims at funding export infrastructure in states.
-
During the Question hour, Congress member Bhubaneswar Kalita sought to know if the government was thinking of reducing the existing North Eastern Council as a regional planning body, thereby defeating its purpose.
-
During the Question Hour, TMC member Derek O'Brien said several states like Uttar Pradesh, Gujarat, Tamil Nadu, West Bengal, Madhya Pradesh and Kerala, have huge debts.
-
"As per the 14th Finance Commission, service tax is not shared with states. The earlier you pass the GST, the better it is for states so that they get a share in the Service Tax," Finance Minister Arun Jaitley said in reply to questions.
-
As part of the scheme, Reserve Bank had issued the special bonds (non-SLR special securities) on behalf of eight state governments in the last fiscal, RBI said in a release today.
-
Village panchayats across the country will have basic infrastructure in place in the next five years as each will get about Rs 1.60 crore in form of grants from the Centre, says Union Minister Chaudhary Birender Singh.
-
Referring to the Goods and Services Tax (GST), the report said that despite several reform measures, goods and services continue to be bogged down with several indirect taxes at different stages of the value chain with significant tax cascading.
-
"The Union Cabinet has given its approval to the recommendations on fiscal deficit targets and additional fiscal deficit to states during 14th Finance Commission (FFC) award period of 2015-20 under the two flexibility options," an official statement said.
-
It has been a practise for some years to cut budgeted Plan expenditure at the revised estimate stage to keep a tab on burgeoning fiscal deficit.
-
The minister, according to sources, may also discuss the preparatory work for roll out of the Goods and Services Tax (GST), though currently the Constitution Amendment Bill for GST is stuck in Rajya Sabha.
-
The state which the third richest state till the 1960's is now 15th in the per capita income ranking. Years of Naxalism in the 60's followed by decades of unionism supported by the state government, has pushed down the state's GDP. Here is a discussion of experts on what lead to this change.
-
On his maiden visit to Bihar after assuming power, Prime Minister Narendra Modi on Saturday said politics had hampered the development of the state and promised to give more than Rs 50,000 crore special package to the poll-bound state at the right time.
-
The meeting of all chief ministers from across the country has been convened by Prime Minister Modi to discuss the Land Acquisition Bill, which the Centre has struggled to pass in the Rajya Sabha.
-
"The Prime Minister will chair second meeting of Governing Council of NITI Aayog tomorrow morning at 7, Race Course Road," a Prime Minister's Office's statement said.
-
The government has to get the approval of 29 states for the tax reform to pass through. The opposition parties are raising serious concerns on a number of clauses including levying of an additional 1 percent tax on interstate supply of goods which could have cascading effect.
-
The government today said it has released over Rs 37,420 crore to states for 2015-16 as the first instalment of devolution as per the 14th Finance Commission recommendations, with Uttar Pradesh getting the highest share.
-
After the first meeting of the Governing Council of the Aayog, three sub-groups of Chief Ministers were constituted on CSS, Skill Development and Swachh Bharat Abhiyaan.
-
14th Finance Commission chairman and former RBI governor YV Reddy says the government is now obligated to transfer excess to states under divisible pool.
-
The government had set up NITI Aayog (National Institution for Transforming India) on January 1 to replace the 65-year-old socialist-era Planning Commission.
-
Saumitra Chaudhuri, former member, Planning Commission says the survey clearly shows an upward trajectory and adherence to medium-term fiscal deficit target.
-
M Govinda Rao, member of the 14th Finance Commission says a good Budget will be one that is realistic, with not too many claims and sticking to the fiscal deficit target of 3.6 percent, at the same time releasing funds for constructive spending.
-
CARE Ratings has come out with its review on the report the 14th Finance Commission.
-
Finance Minister Arun Jaitley had on Tuesday said the Centre has accepted the recommendations of the Finance Commission and it shows NDA government's commitment to cooperative federalism.
-
The Budget speech is likely to highlight the govt‘s decision to give states a higher share of taxes to reset centre state relations. The govt says the move will help provide an economic lift to states, economists believe the centre will find itself constrained to spend big money to pump prime the economy. Sapna Das spoke with NIPFP Director.
-
The government is hoping that because of the compensation formula that was agreed upon, more state governments have been brought on board.
