The recommendations of the 16th Finance Commission (FC), which emphasise reducing revenue deficits and boosting growth-oriented capital spending, are expected to support the fiscal health of states in the long term, according to a report by CRISIL Ratings. However, the rating agency noted th
Addressing deliberations linked to the 16th Finance Commission, the Chief Secretary revealed that Telangana's monthly salary and pension outgo has skyrocketed from approximately Rs 1,500 crore in 2014 to nearly Rs 6,000 crore today -- a fourfold surge in just ten years. This
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu criticised opposition BJP MLAs on Wednesday after they refused to support a government resolution seeking the restoration of the Revenue Deficit Grant (RDG).
Speaking in the Legislative Assembly while presenting the Interim Budget, Thennarasu said that despite all States unanimously demanding a higher share in the divisible pool, the Commission has recommended retaining it at 41 per cent.
Remembering the State's first Chief Minister, YS Parmar, the Chief Minister said that he enacted Section 118 of the law to protect the interests of the people of Himachal Pradesh, and the current State government is following in his footsteps. He said that the state had been receiving the
The meeting was called following the 16th Finance Commission's reported decision to discontinue the Revenue Deficit Grant to certain states, including Himachal Pradesh.
"In the coming year, the States' share is estimated at Rs 25.44 lakh crore, which is devolved to them, an increase of Rs 2.7 lakh crore from last year," she said while replying to the debate in the Lok Sabha on the Union Budget 2026-27. She cited the 16th Finance Commission and said it ha
Himachal Pradesh Chief Minister Sukvinder Singh Sukhu accused the previous BJP administration of plundering the state coffers and spending lavishly instead of investing in development or essential infrastructure.
Addressing the gathering, Sukhu said the 16th Finance Commission's decision not to recommend RDG has pushed the hill state into a serious financial emergency."Himachal Pradesh is a geographically difficult hill state.
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday hit back at Leader of Opposition and former Chief Minister Jai Ram Thakur, saying that if the BJP claims the state government failed to properly present its case before the 16th Finance Commission, then Thakur should take
The Centre has allocated Rs 1.4 lakh crores for states for the Financial Year 2026-27 as Finance Commission grants, Union Finance Minister Nirmala Sitharaman said on Sunday.