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  • Centre should share some financial burden of states' vaccine procurement, experts say Apr 25, 2021 06:46 PM IST

    Centre should share some financial burden of states' vaccine procurement, experts say

    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

  • Don't read 41% share for states from divisible tax pool as 'reduction': FM Sitharaman Feb 11, 2021 10:51 PM IST

    Don't read 41% share for states from divisible tax pool as 'reduction': FM Sitharaman

    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.

  • EXCLUSIVE | Budget 2021 may allot up to Rs 80,000 crore for Covid-related spend Dec 10, 2020 12:21 PM IST

    EXCLUSIVE | Budget 2021 may allot up to Rs 80,000 crore for Covid-related spend

    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.

  • Exclusive | Budget 2021: Economic revival top priority; Modi govt planning public spending boost Dec 08, 2020 10:44 AM IST

    Exclusive | Budget 2021: Economic revival top priority; Modi govt planning public spending boost

    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

  • EXCLUSIVE | Finance Commission likely to recommend doubling of public health expenditure by FY24 Nov 23, 2020 07:18 AM IST

    EXCLUSIVE | Finance Commission likely to recommend doubling of public health expenditure by FY24

    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.

  • Combined public health spend should rise to 2.5 per cent of GDP by 2024, says NK Singh Nov 18, 2020 05:08 PM IST

    Combined public health spend should rise to 2.5 per cent of GDP by 2024, says NK Singh

    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.

  • 15th Finance Commission completes report, to submit to President on November 9 Oct 30, 2020 03:27 PM IST

    15th Finance Commission completes report, to submit to President on November 9

    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.

  • Finance Commission to categorise states in 3 growth brackets: N K Singh Jul 16, 2020 10:59 PM IST

    Finance Commission to categorise states in 3 growth brackets: N K Singh

    Singh said in its internal working, the commission has found it "sensible" to categorise the states in three categories.

  • Finance Commission's advisory council discusses possibility of debt consolidation road map post COVID Jun 26, 2020 07:00 PM IST

    Finance Commission's advisory council discusses possibility of debt consolidation road map post COVID

    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.

  • Finance Commission sets up panel to review fiscal consolidation road map Mar 19, 2020 09:18 PM IST

    Finance Commission sets up panel to review fiscal consolidation road map

    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.

  • Finance Commission constitutes expert group on agriculture exports Feb 17, 2020 10:08 PM IST

    Finance Commission constitutes expert group on agriculture exports

    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.

  • Finance Commission recommends Rs 19,309 cr devolution to Himachal for 2020-21 Feb 16, 2020 03:16 AM IST

    Finance Commission recommends Rs 19,309 cr devolution to Himachal for 2020-21

    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.

  • Govt has no plans to give permanent status to finance commission: Anurag Thakur Feb 10, 2020 02:47 PM IST

    Govt has no plans to give permanent status to finance commission: Anurag Thakur

    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.

  • Budget 2020: It’s about time to set in motion a cess-free regime Jan 27, 2020 10:22 AM IST

    Budget 2020: It’s about time to set in motion a cess-free regime

    Both the taxpayer and the consumer would want the upcoming Budget to revisit the tax-policy rationale for continued levy of cesses and surcharges

  • Economic Advisory Council of Fin Comm discusses GST stabilisation, tax collection issues Dec 16, 2019 08:50 PM IST

    Economic Advisory Council of Fin Comm discusses GST stabilisation, tax collection issues

    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.

  • Finance Commission submits report for FY21 to FM Sitharaman Dec 06, 2019 09:32 PM IST

    Finance Commission submits report for FY21 to FM Sitharaman

    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.

  • Finance Commission likely to reject $12 billion package to help utilities cut pollution: Source Nov 19, 2019 09:55 PM IST

    Finance Commission likely to reject $12 billion package to help utilities cut pollution: Source

    The proposal was intended to help plants comply with new sulphur dioxide emissions standards originally set by the environment ministry in 2015.

  • Finance Commission to reconcile multiple data sources before submitting report: NK Singh May 10, 2019 07:07 PM IST

    Finance Commission to reconcile multiple data sources before submitting report: NK Singh

    The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.

  • FinComm meets RBI Guv Shaktikanta Das; discusses setting up of state-level commissions May 08, 2019 06:14 PM IST

    FinComm meets RBI Guv Shaktikanta Das; discusses setting up of state-level commissions

    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.

  • FinComm to meet RBI Guv, bank officials during Mumbai visit on May 8-9 May 06, 2019 06:25 PM IST

    FinComm to meet RBI Guv, bank officials during Mumbai visit on May 8-9

    The other issues which are expected to come up during the deliberation include market driven borrowing cost and debt trajectories of states.

  • Finance Commission meets Piyush Goyal; highlights measures to improve railway productivity Jun 05, 2018 10:42 PM IST

    Finance Commission meets Piyush Goyal; highlights measures to improve railway productivity

    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.

  • Government recommends incentives for states exercising population control Apr 12, 2018 03:57 PM IST

    Government recommends incentives for states exercising population control

    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.

  • No inherent bias in Finance Commission's terms of reference: Arun Jaitley Apr 10, 2018 07:40 PM IST

    No inherent bias in Finance Commission's terms of reference: Arun Jaitley

    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.

  • All government schemes to have sunset clause: Finance Ministry Mar 06, 2017 07:38 PM IST

    All government schemes to have sunset clause: Finance Ministry

    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.

  • Prime Minister Modi working with long-term vision: Bindal May 19, 2016 07:28 AM IST

    Prime Minister Modi working with long-term vision: Bindal

    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.

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