finance commission

GANDHINAGAR: The government on Tuesday counted consensus around the need to reform multilateral development banks (MDBs) as one of the gains from the meeting of G20 finance ministers and central bankgovernors, but added that there will be…

NEW DELHI: The government is likely to set up the 16th finance commission this year to suggest, among other things, the ratio in which tax is to be divided between the Centre and states for five years, beginning April 1, 2026, an official…

KUMARAKOM/DELHI: The UN has proposed additional dollar support of up to $47 billion towards fresh paid-in capital of multilateral development banks (MDBs), including the World Bank and regional development banks, such as ADB, as part of…

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NEW DELHI: In recent years, there have been several instances of states working out borrowing arrangements which are not in line with the Constitutional provisions. But often the Centre fails to detect it in time despite the involvement of…

NEW DELHI: The Centre has suggested that states periodically revise excise duty on liquor and property tax, rationalise schemes and wind up autonomous bodies to improve their finances. In a presentation to state chief secretaries last…

The Centre will provide Rs 95,082 crore to states in November, including the advance release of one instalment of central tax devolution, to help them drive up capital expenditure and aid growth. Two instalments – of Rs 47,541 crore each –…

The 15th Finance Commission chairman, NK Singh, has been elected as the president of the Institute of Economic Growth (IEG) Society on August 16. He succeeds former Prime Minister Dr Manmohan Singh who has been in the position since 1992.…