Page 3 - 15th Finance Commission

15th FC submits report to President, keeps tax devolution to states at 41%

Report, submitted on Monday, addresses fears of southern states on population criteria

Top headlines: Passenger vehicles sales dip; Finance Commission report out

The Bombay High Court refused to grant interim bail to TV journalist Arnab Goswami.

15th finance panel finalises recommendations, to submit report on Nov 9

The report will be tabled in Parliament by the Union finance minister

Discussion on report over, FinCom set to present it to President on Nov 9

The report will be tabled in Parliament by the union finance minister along with an action taken report of the government

15th Finance Commission on course to finalise report by end of this month

The 15th Finance Commission is on course to finalise its report by October 30, an official statement said on Wednesday

Barking up the wrong tree

Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range

We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

Centre, states may welcome N K Singh's plan for fiscal deficit range

The 15th Finance Commission Chairman had pushed for a range instead of a fixed number, saying it is more realistic and will lead to less accounting engineering

Top headlines: India Inc's EBITDA to shrink 24%, Soota's IPO jackpot

From Centre releasing rants for states amid Covid, India-China agreeing on a 5-point plan to Moody's saying India Inc's EBITDA to shrink, Business Standard brings you top news of the evening

Considering fiscal deficit range instead of number, says N K Singh

Singh said the 15th Finance Commission had not sought any extension and will finish its report for 2021-22 to 2025-26 by October 31

15th FC panel suggests giving range for fiscal deficits for Centre, states

Singh said the commission did not brush aside the suggestion, however, a final decision on providing a range as fiscal deficit targets is yet to be taken

MARKET: Sensex tanks 634 pts on broad-based sell-off; Nifty Bank slips 2%

All that happened in the markets today

Once bitten, twice shy: Why states doubt centre will share taxes fairly

States are understandably wary even after getting half the Centre's gross tax revenue in the first quarter of 2020-21

India needs to grow faster in next decade to become key player: N K Singh

Singh said technology, coupled with significant reforms in areas like health, education and maintenance of infrastructure, can make a decisive difference.

Finance Commission group suggests to set up state-led plan for agri exports

The high-level group is of the view that India's agricultural export has the potential to grow from $40 billion to $70 billion in a few years

Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said

Puri seeks higher devolution to urban bodies from 15th Finance Commission

Along with Puri and Mishra, the videoconference meeting was attended by 15th FC Chairman NK Singh and members of the Commission

15th Finance Commission discusses govt's revenue projections in video meet

The meeting was headed by Chairman NK Singh with Finance and Revenue Secretary Ajay Bhushan Pandey, CBDT Chairman Pramod Chandra Mody and CBIC Chairman M Ajit Kumar

The new normal for state borrowings

Have the states shown a lack of prudence in their borrowing programme to tide over the pandemic?

Covid-19 crisis: Health care infra ranking for states expected soon

15th Finance Commission would likely recommend performance-based grants