Page 4 - 15th Finance Commission

Discussing alternatives to base year, says 15th FC chairman N K Singh

Singh said that while the current year and part of next year would see a continued slowdown, things could get better from the latter half of 2021-22, and economy may grow at a rapid pace from thereon

Covid-19 crisis: No new scheme for a year as govt tightens purse strings

New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Covid-19: Experts seek income support, cash transfer for those affected

NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Breaching FRBM limits acceptable in pandemic, roadmap necessary: N K Singh

Singh was speaking after the first meeting of the commission's panel on fiscal consolidation, and a meeting on the commission's panel on the health sector

Finance panel's advisory council bats for support to small players, NBFCs

The Commission will wait for gross domestic product (GDP) data in the January-March and April-June quarters before finalising its reports to the government for 2021-22 to 2025-26

India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.

Creating fiscal space for the states

In the second part of a series, the authors say the current uncertainties require room for discretion to serve as a necessary handmaiden of rules that cannot alone cater to all contingencies

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

15th FC to monitor coronavirus pandemic situation ahead of second report

Singh also said that as the situation evolves, the issue of disaster management can be reviewed - both in state specific and national context

Odisha finance panel pegs fund requirement for local bodies at Rs 50,282 cr

Of the envisaged amount, Rs 29,510.86 crore is expected to flow from the state's internal resources

Finance Commission expert group on agri exports to be headed by Sanjiv Puri

The committee will submit its recommendations within three months for further consideration of the Commission, it said

Finance Commission recommends Rs 19,309 cr devolution to Himachal for FY20

The average annual grant under was increased by Modi to Rs 14,407 crore in 14th Finance Commission and now to Rs 19,309 crore in 15th Finance Commission for 2020-2021, he said

KT Rama Rao hits out at Finance Commission over reduced states devolution

The reduction in devolution to 41 per cent from 42 per cent earlier will lead to an up to Rs 4,000 crore hit to Telangana, Rao told reporters on the sidelines of the NTLF here.

15th Finance Commission forms panel to discuss security funding mechanism

This is something the 15th FC had said it will do in its first report

15th Finance Commission to form panel on fiscal situation of Centre, states

"We have decided to constitute a fiscal committee, which will address one particular recommendation contained in our terms of reference regarding a legal framework for the fiscal architecture," Singh

Finance Commission panel to examine separate funding mechanism for defence

The five-member group, to be headed by Finance Commission Chairman N K Singh, comprise secretaries from the ministries of defence, home affairs and finance, besides a member of Commission

Top events of the day: Nirbhaya verdict, 15th FC, anti-CAA march, and more

The Advisory Council of the Fifteenth Finance Commission will meet on Thursday