Kerala on Tuesday urged the 16th Finance Commission to increase its share of the divisible tax pool from the 41 per cent recommended by the 15th Finance Commission to 50 per cent.
Kerala Finance Minister K. Balagopal welcomed the 16th Finance Commission, led by Prof. Arvind Panagariya, to Kerala, emphasizing the commission's role in fostering the federal fiscal framework.
The delegation was welcomed on Sunday afternoon in Kochi by Kerala Finance Minister KN Balagopal and Chief Secretary Sharada Muraleedharan. The team then proceeded to Kumarakom to begin their field visits.
Tamil Nadu Chief Minister MK Stalin on Monday morning held a meeting with the 16th Finance Commission at the Secretariat, welcoming the commission's chairman and its members. He said that the recommendations made by the 16 Finance Commission would contribute to turning India into a develo
Chief Minister Patel said that this will not only give recognition to the responsible financial management and disciplined spending of such states but will also inspire other states to do the same.
The Indian Chamber of Commerce (ICC) on Friday submitted a detailed memorandum to Chairman of the 16th Finance Commission, Arvind Panagariya, outlining key recommendations to accelerate industrial and economic growth in Assam and the broader North-East region.
The Finance Department presented a report to the Commission that addressed various departmental aspects, while Commission members offered valuable insights on key issues during the meeting.
A one-day conclave of finance ministers from five opposition-ruled states will be held here today, Thursday, to discuss issues related to the 16th Finance Commission.
Kerala government will host a interstate conclave with five opposition ruled states to discuss the their fiscal needs in the upcoming 16th Finance Commiission, state Finance Minister KN Balagopal said on Thursday. Besides the left ruled Kerala, AAP ruled Punjab, DMK governed Tamil Nadu an
The Chairman of the 16th Finance Commission, Arvind Panagariya, was accorded a ceremonial Guard of Honour upon his arrival at Shaheed Bhagat Singh International Airport in Sahibzada Ajit Singh Nagar on Sunday.
"There has been an outcry that states are not getting their share of taxes properly from the Centre. Currently, the 16th Finance Commission is being constituted. We are advocating that taxes should be shared appropriately with the states that pay the highest taxes to the Centre," he said.
The Chairman of the 16th Finance Commission of India, Arvind Panagariya, said that the share of a state cannot be looked at in isolation by the Commission. The Chairman was addressing the media in Shimla on Monday.