Apr 25, 2021 06:46 PM IST
Former CEA Arvind Subramanian said that centre should bear entire cost of vaccine procurement by state. Other economists partly agree and say that part of the Rs 35,000 crore vaccination budget should be shared with states
- Feb 11, 2021 10:51 PM IST
It is because that portion has to be added to Union territories to which the Centre distributes, she added Jammu & Kashmir has been converted into Union territories of J&K and Ladakh.
- Dec 10, 2020 12:21 PM IST
Additionally, the Narendra Modi government is learnt to have accepted the recommendations of the Fifteenth Finance Commission (15th FC) on the health sector. The recommendations, which will be made public along with the budget, likely include nearly doubling India’s combined public health expenditure as percentage of GDP, and creating a dedicated central cadre of medical professionals.
- Dec 08, 2020 10:44 AM IST
Budgeted capex for FY2021-22 could easily cross Rs 6-7 lakh crore and the government finds itself unencumbered by strict fiscal considerations. The 15th Finance Commission is learnt to have recommended a fiscal deficit target range for each year of its award period, till 2025-26
- Nov 23, 2020 07:18 AM IST
In its report for 2021-22 to 2024-25, the Fifteenth Finance Commission (15th FC) has also likely recommended that governments move to a fiscal deficit target range rather than a fixed number.
- Nov 18, 2020 05:08 PM IST
The central and state governments should increase their spending on the country's healthcare sector to 2.5 percent of GDP over the next four years, Finance Commission chairman N.K. Singh said on Wednesday.
- Oct 30, 2020 03:27 PM IST
The Commission’s recommendations will reflect in the Modi government’s 2021-22 Union Budget. The Finance Minister is likely to table the Commission’s report, and an action taken report signifying which recommendations of the Commission have been accepted, along with the budget documents.
- Jul 16, 2020 10:59 PM IST
Singh said in its internal working, the commission has found it "sensible" to categorise the states in three categories.
- Jun 26, 2020 07:00 PM IST
Data released last month showed the central government's fiscal deficit surged to 78 percent of Budget estimates to Rs 2.79 lakh crore in April as tax revenues slumped on account of the nationwide lockdown.
- Mar 19, 2020 09:18 PM IST
The committee will define contingent liabilities, provide quantifiable measures of such liabilities, wherever possible, and specify conditions under which "contingent" liabilities become "explicit" liabilities of the public sector.
- Feb 17, 2020 10:08 PM IST
The panel will recommend measurable performance incentives for States to encourage agri exports as well as to promote crops to enable high import substitution, the Finance Commission said in a statement.
- Feb 16, 2020 03:16 AM IST
The previous Congress government did not make efforts to get financial assistance for the state and therefore failed miserably in getting a higher grant from the Finance Commission due to which development activities in the state suffered.
- Feb 10, 2020 02:47 PM IST
While replying to a question in the Lok Sabha, Thakur also said the RBI was also not considering any proposal to give permanent status to the commission.
- Jan 27, 2020 10:22 AM IST
Both the taxpayer and the consumer would want the upcoming Budget to revisit the tax-policy rationale for continued levy of cesses and surcharges
- Dec 16, 2019 08:50 PM IST
Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on Goods and Services Tax (GST), which will be for the GST Council to consider.
- Dec 06, 2019 09:32 PM IST
The 15th Finance Commission was constituted by the President of India under Article 280 of the Constitution on November 27, 2017, to make recommendations for a period of five years from April 2020 to March 2025.
- Nov 19, 2019 09:55 PM IST
The proposal was intended to help plants comply with new sulphur dioxide emissions standards originally set by the environment ministry in 2015.
- May 10, 2019 07:07 PM IST
The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.
- May 08, 2019 06:14 PM IST
The RBI made presentations to the Finance Commission on state Government Finances for 2019-20 and also on the issues and challenges of the market borrowings of state governments.
- May 06, 2019 06:25 PM IST
The other issues which are expected to come up during the deliberation include market driven borrowing cost and debt trajectories of states.
- Jun 05, 2018 10:42 PM IST
Piyush Goyal said that the Railways is undergoing transformation in thinking and its operations by using its resources more effectively and 'Safety First' is the motto of railways.
- Apr 12, 2018 03:57 PM IST
Southern states have raised concerns about the 15th Finance Commission's terms of reference (ToR) that would change the base year for calculation of union tax revenue.
- Apr 10, 2018 07:40 PM IST
In a first-of-its-kind initiative, the finance ministers of south Indian states at a conclave at Thiruvananthapuram said that ToR was against the principles of federalism enshrined in the Constitution and also would result in revenue loss to the performing states.
- Mar 06, 2017 07:38 PM IST
All government schemes should have a sunset clause and must be co-terminus with the tenure of Finance Commission, which is constituted every five years, the Finance Ministry said today.
- May 19, 2016 07:28 AM IST
The focus of NDA government is on infrastructural projects and several projects have been sanctioned to HImachal and the financial position of cash starved state was much better due liberal devolution of funds by the centre, Bindal said while addressing a press conference.