Page 2 - 15th Finance Commission

Anti-competition law must be strengthened: 15th FC chairman N K Singh

Singh was addressing the sixth edition of the national conference on economics of competition law.

GST rate rationalisation: The larger objective

Besides merging the rate slabs of 12 per cent and 18 per cent, the GST Council could consider phasing out exemptions to those commodities that were subject to VAT duty by the States

Best of BS Opinion: Unfriending big tech, oil's new challenge, and more

Here's a selection of Business Standard opinion pieces for the day

Beyond the pandemic: The crisis of revenues

Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure

Course correction

Underperformance of GST must be addressed

Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more

Here's a selection of Business Standard opinion pieces for the day

GST Council may take up rationalising tax rates, slab merger in next meet

15th Finance Commission has suggested merging 12 and 18% tax rates

Decoding 15th FC's estimate of mismatch in two sets of salary income data

The Commission asserts salary incomes shown by taxpayers are understated by 50%, finds scope to extract more direct tax by chasing evasion without changing tax rates; experts aren't convinced

Finance commission recommendations aren't a one-day match: N K Singh

In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states

Increasing fiscal constraints

Govt must focus on mobilising more revenues

15th FC urges states to tax property and professions more to boost finances

The Finance Commission has also advised the union govt to eschew cess to keep Centre-state tax pool in good health, and go for a Constitutional amendment to help states raise profession tax limit

15th FC report: Annual GST losses hit Rs 4 trillion on lower rates

Finance Commission finds inconsistencies in GST, bats for change, simplification and a three-rate structure

FC report: Andhra Pradesh, Assam to West Bengal, who gets how much

The new distribution under horizontal devolution remains broadly unchanged compared to the interim report

Finance Commission report: States' borrowing window, health spending & more

States will receive Rs 10.33 trillion in grants

15th Finance Commission keeps tax devolution to states FY22-26 at 42%

The 15th Finance Commission has recommended that the states be given 42 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26

15th FC may recommend farm export incentives for states in Budget session

The final report is expected to be tabled in Parliament during the Budget session that begins on Friday.

Budget Byte: How GST collections and share of central scheme alter spending

While the actual expenditure on centrally sponsored schemes was more than the Budget estimate for FY17 and FY18, the target remained unmet in FY19 and FY20 (revised estimate)

Increase health spending to 2.5% of GDP, says 15th FC chairman N K Singh

Bats for a PPP model to address the deficit in health infrastructure

Centre releases Rs 6,158 cr to 14 states as revenue deficit grant

A similar amount was released as grant in the April-October period of the current financial year.

Centre releases Rs 6,195 crore to 14 states: FM Nirmala Sitharaman

A similar amount was released as grant in April-October period of the current financial year