Aug 02, 2021 04:08 PM IST
The share of states from the divisible pool of taxes was the lowest in at least five years during the pandemic-hit 2020-21, while the Centre’s net tax revenue was the highest in the same period. Additionally, taxes from income exceeded corporate taxes for the first time in at least five years, Finance Ministry data showed.
- Jun 03, 2020 03:44 PM IST
The provisional data released by the government shows that the centre's gross tax revenues contracted by 3.4 percent to Rs 20.1 lakh crore in FY 2020, from Rs 20.8 lakh crore in FY 2019
- Apr 05, 2015 06:13 PM IST
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.
- Apr 25, 2012 06:00 PM IST
Sri Lanka did not give any assurance to India on devolution of powers to provinces when an Indian MPs delegation met President Mahinda Rajapaksa on April 21, media here has claimed.