Aug 10, 2021 08:01 PM IST
The grants are released as per the recommendations of the 15th Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution.
- Feb 08, 2021 01:59 PM IST
The 15th Finance Commission recommended that primary health care should be the number one fundamental commitment for states.
- Feb 01, 2021 01:17 PM IST
Stating that fighting the COVID-19 pandemic remains the Centre’s biggest priority, Finance Minister Nirmala Sitharaman proposed to set aside Rs 2.46 lakh crore for healthcare, with Rs 35,000 crore earmarked for the coronavirus vaccine programme.
- Feb 01, 2021 12:31 PM IST
For FY21, the revised fiscal deficit estimate now stands at 9.5 percent of the GDP, from a budgeted estimate of 3.5 percent.
- Dec 22, 2020 04:15 PM IST
Finance Minister Nirmala Sitharaman seems to be preparing the markets for a budget with never before seen fiscal slippage and public spending outlay.
- Dec 11, 2020 06:56 PM IST
Fifteenth Finance Commission (FFC) Chairman NK Singh also said a mechanism needs to be created for constant dialogue between the Centre and states on various issues, to fill a vacuum left by the abolition of the Planning Commission.
- Nov 02, 2020 11:01 PM IST
The states, including Andhra Pradesh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, and Uttar Pradesh among others have been asked to directly transfer the funds to all Million-Plus urban cities within 10 working days of receipt from the Centre
- May 04, 2020 06:13 PM IST
On April 24, the economic advisory council of the 15 Fc said that though the magnitude of the impact of the coronavirus outbreak on public finances is still uncertain, it is undoubtedly going to have a telling effect
- Apr 24, 2020 07:33 PM IST
It suggested that the projections of real GDP growth made before March 2020 need to be relooked at entirely and revised downward considerably.