The deliberations mainly focused on three key areas: Union and State Finances, Local Bodies, and Public Sector Enterprises (PSEs), among others. The Union, states, local bodies and the PSEs are under the audit of the CAG. In addition, the CAG also maintains the accounts of the states.
The Indian economy grew by 6.2 percent in real terms in the October-December quarter of the current financial year 2024-25, government data showed on Friday.
Andhra Pradesh Chief Minister Nara Chandrababu Naidu and Finance Minister Payyavula Keshav met the Chairman of the 16th Finance Commission, Arvind Panagariya, in Delhi on Saturday.
With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively, as per the inaugural issue of NITI Aayog's report titled "Fiscal Health Index (FHI) 2025."
India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.
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 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 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.
The Sixteenth Finance Commission has constituted an Advisory Council with five members -- DK Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari, and Rahul Bajoria.
Uttarakhand Chief Minister Pushkar Singh Dhami met Lok Sabha Speaker Om Birla in New Delhi on Wednesday and congratulated him for his re-election as 'Speaker'.
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.