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PM Modi to chair NITI Aayog's Governing Council meet on Sunday

PM Modi to chair NITI Aayog's Governing Council meet on Sunday

Prime Minister Narendra Modi will chair the upcoming meet of NITI Aayog's Governing Council on Sunday, which is poised to draw up a 15-year development road map called Vision 2030.

BJP challenges opposition to debate over special category status to Andhra

Accusing the opposition parties for criticising the union government over special category status to Andhra Pradesh despite its announcement of a special economic package, the BJP on Sunday challenged them for an open debate on the issue.

The earlier GST Bill is passed, the better for states: FM Jaitley

The earlier GST Bill is passed, the better for states: FM Jaitley

Government on Tuesday urged the Rajya Sabha to pass the GST bill expeditiously to enable states get a share of the Service Tax which is not shared under the provisions of 14th Finance Commission.

Centre, states should work in unison to boost growth: FM Jaitley

Centre, states should work in unison to boost growth: FM Jaitley

Jaitley appreciated their efforts in attracting foreign investment and expressed the hope that "the growth momentum would catch pace in coming months".

 

West Bengal to benefit hugely from Finance Commission award: FM Jaitley

Rejecting criticism that West Bengal has not gained from the 14th Finance Commission, Finance Minister Arun Jaitley on Saturday said the state will get Rs 2,85,200 crore during 2015-20, which is nearly three times the amount it received in the previous five years of UPA-2 regime.

Majority of states to gain because of FinCom report: Arun Jaitley

Majority of states would stand to gain due to implementation of the 14th Finance Commission recommendations which has suggested 10 percent hike in devolution of funds to them, Finance Minister Arun Jaitley said Monday.

States should use additional funds for infrastructure: PM Modi

Prime Minister Narendra Modi on Wednesday suggested that additional funds and resources at the disposal of states should be directed primarily towards nation building, an official release here said.

Odisha to get more funds in Finance Commission: Pradhan

Refuting allegations that Odisha would lose revenue following the recommendations of the 14th Finance Commission, union Petroleum Minister Dharmendra Pradhan said on Sunday that it would get about Rs.8,000 crore more funds per annum compared to the 13th commission allocations.

Finance Commission for reforms in property tax regime

In a significant recommendation, the 14th Finance Commission has called for reforms in property tax regime by giving powers to panchyats and municipalities to levy the tax on plinth basis with a provision for periodic revision and minimising grant of exemptions.

Finance Commission for 3.6% fiscal deficit in FY16; 3% in following years

The 14th Finance Commission on Tuesday suggested a fiscal deficit target of 3.6 percent of GDP in 2015-16 and 3 percent in the subsequent years on the back of likely pick-up in economic growth.

Centre accepts Finance Commission report; States' share in taxes up 42%

Centre accepts Finance Commission report; States' share in taxes up 42%

The total devolution to the states in 2015-16 will be Rs 5.26 lakh crore, as against Rs 3.48 lakh crore in 2014-15, representing an increase of Rs 1.78 lakh crore.

With higher funds, states can design schemes as per need: PM

In a letter to all Chief Ministers, Modi said the states are free to change Centrally Sponsored Schemes and plan the course of their development.

14th Finance Commission report tabled; Jaitley says states must become self-sufficient

14th Finance Commission report tabled; Jaitley says states must become self-sufficient

Finance Minister Arun Jaitley on Tuesday said that states must gradually become self-sufficient while the entire system of discretionary payments must end.

Finance Commission suggests higher share to states in central taxes

The Finance Commission has suggested raising share of states in central taxes to 42 percent from current 32 percent.

Fin Comm can look into GST compensation issue: Sumit Bose

The Finance Commission can be involved in the exercise of compensating states for revenue losses following implementation of the Goods and Services Tax (GST), said former Revenue Secretary Sumit Bose.

Experts put their heads together on new avatar of PlanComm

Former ministers, members of the Planning Commission and experts on Tuesday met in the Yojana Bhawan to discuss the framework of the new body which will replace the 64-year old plan panel.

Terms of reference of the 14th Finance Commission soon: Govt

The government on Friday said terms of reference of the 14th Finance Commission along with name of its Chairman will be notified soon.

Govt approves constitution of 14th Finance Commission

The Union Cabinet has approved constitution of the 14th Finance Commission to suggest formula for sharing of tax proceeds between Centre and states.

Fiscal deficit of Karnataka 2nd lowest for 2009-10: Report

The fiscal deficit of Karnataka was the second lowest for 2009-10 compared to certain other states, according to state budget analysis carried out by Association for Democratic Reforms (ADR) and Karnataka Election Watch (KEW).