Page 7 - 15th Finance Commission

Govt seeks steep cut in devolution to states from existing 42% of tax pool

Finance Commission has written to ministry for a revised memorandum

Kejriwal demands more funds for Delhi under the 'Jammu & Kashmir model'

According to Arvind Kejriwal, under the current modelDelhi gets far less than what it contributes as income tax

GST Council may be asked to decide on compensation to states in 45 days

States have been strongly pitching for extension of the compensation period by three years to 2024-25

Take CMs' views before changing FinCom's terms of reference, says Manmohan

the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security

Not obliged to go by govt's growth projections: Finance Commission chief

The 15th Finance Commission is scheduled to submit its report to the government by November 30

15th Finance Commission may cut number of centrally-sponsored schemes

The Centre, not the Finance Commission, is deciding the evaluation of the schemes and the sub-schemes to be pruned

Making a case for fair treatment of Union Territories in Finance Commission

Call for fiscal autonomy to Union Territories with Assemblies may get louder with 'special status' to J&K in the Finance Commission, say experts

15th Finance Commission likely to cut devolution to states marginally

The new devolution formula could thus be applied to the Centre's tax revenues after deducting from them its capex on defence and internal security

Change in terms of reference of 15th Finance Comm opposed in Rajya Sabha

The new change in terms of reference seeks to allocate fund for defence and internal security before dividing between Centre and states

Article 370 provisions scrapped: J&K, Ladakh may get share of central funds

The official added that it isn't immediately clear if the 15th Finance Commission will be given additional terms of reference or more time to adjust

Risks to fiscal federalism

To minimise risks, the president may consider seeking response from states and the Centre on the 15th Finance Commission's suggestions

15th Fin Commission rejects central tax pool demand by Delhi, Puducherry

The Commission will not consider their memorandums

Finance Commission notifies panel to resolve Rs 31,000 cr food account

Commission chairman N K Singh gave approval to the issuance of the notification for the constitution of the committee on Monday, an official release of Punjab government said.

GST created disruptions in state, can't have another one: Kerala Fin Min

Kerala would receive less than 2% of the share if it is assumed that the 2011 population census is used with the same criteria as the 14th finance commission

15th Finance Commission may propose performance-based incentives for states

No changes in terms of reference in spite of opposition by states

15th Finance Commission: Panchayats likely to enjoy more financial powers

The 15th Finance Commission may ignore some ToRs not mandated by the Constitution in its final devolution formula

Delhi gets little from central funds: Will 15th Finance Commission be fair?

The meeting with the president was a culmination of weeks of deliberations between the finance ministers of non-Bharatiya Janata Party states since April

There is no proposal or reason to change the ToRs, says Finance Ministry

Sources said that issues like the terms of reference, implications and broad approach likely to be followed by the commission were taken up at length during the hour-long meeting

Six non-BJP ruled states petition President against 15th Finance Comm

The six non-BJP ruled states wanted the reference to be 1971 census

15th Finance Commission: FMs of 6 non-BJP rules states to meet Prez Kovind

The Finance Ministers of Kerala, West Bengal, Puducherry, Punjab and Delhi, besides Andhra Pradesh, will be part of the delegation