Search For "devolution"
41% share of taxes devolved to States, estimated at Rs 25.44 lakh crore fo
Updated : 1 month ago IST
"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
Read More
"Nothing concrete in budget, disappointing for Tamil Nadu too": DMK's Kani
Updated : 1 month, 1 week ago IST
"Even with elections in mind, they have not announced anything for Tamil Nadu. They are not giving us anything, but then they want to mine rare earth from Tamil Nadu. It is a very disappointing budget," Kanimozhi said.
Read More
"Interests of Tamil Nadu completely ignored": CM Stalin on Union Budget
Updated : 1 month, 1 week ago IST
"The Union Government's Budget, which was eagerly awaited, has delivered an even greater disappointment than usual," Stalin said in a statement.
Read More
Union Budget 2026: Centre allocates Rs 1.4 lakh Cr for state local bodies,
Updated : 1 month, 1 week ago IST
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.
Read More
16th Finance Commission submits report on distribution of taxes between Ce
Updated : 3 months, 3 weeks ago IST
The Commission's Chairman Arvind Panagariya, along with Members Annie George Mathew, Manoj Panda, T. Rabi Sankar, Soumyakanti Ghosh and Secretary Ritvik Pandey, met the President on Monday to formally hand over the report.
Read More
Centre releases additional tax devolution of Rs 1,01,603 crore to states i
Updated : 5 months, 1 week ago IST
In view of the upcoming festive season and to enable states to accelerate capital spending and finance their development and welfare-related expenditure, the Centre released an additional tax devolution of Rs 1,01,603 crore to state governments on Wednesday.
Read More
Assam CM Sarma meets Chairman of 16th Finance Commission; discusses issues
Updated : 8 months, 2 weeks ago IST
Assam Chief Minister Himanta Biswa Sarma on Wednesday met the Chairman of the 16th Finance Commission, Arvind Panagariya and discussed a gamut of issues pertaining to devolution of funds given the state's unique aspects, according to a press release issued by the State government.
Read More
Advocate for pro-growth approach in tax devolution among states: Siddarama
Updated : 8 months, 3 weeks ago IST
According to an official release, the Chief Minister informed the Finance Minister that Karnataka's share in tax devolution had declined significantly under the 15th Finance Commission, from 4.713 per cent to 3.647 per cent, amounting to a reduction of over 23 per cent.
Read More
Centre approves Rs 81,735 crore additional tax devolution for states
Updated : 9 months, 2 weeks ago IST
The Union Government has approved an additional instalment of Rs 81,735 crore as Tax Devolution to the State Governments, which will be released on June 2, 2025, the Ministry of Finance said in a post on X on Friday late evening.
Read More
Centre denying Kerala its rightful share in tax devolution: Pinarayi Vijay
Updated : 9 months, 3 weeks ago IST
Kerala Chief Minister Pinarayi Vijayan on Friday slammed the Centre, accusing it of denying the State its rightful entitlement in the tax devolution. The Chief Minister said that if the tax share had been allocated fairly, Kerala would have received an additional Rs2,282 crore in 2022-23
Read More
TN: DMK demands parity in Union tax devolution, accuses Centre of favourin
Updated : 11 months, 1 week ago IST
DMK on Monday again raised the issue of alleged unfairness in the devolution of Union tax revenue to Tamil Nadu. Demanding uniformity in the tax devolution, the party leader, TKS Elangovan, pointed out that when the Centre collects Rs 1 from Tamil Nadu as tax, the state gets 27 paise in retu
Read More
Govt of India nets Rs 25.46 lakh crore, spends Rs 38.93 lakh crore in FY24
Updated : 11 months, 3 weeks ago IST
The Government of India's monthly account up to February 2025 (FY2024 -25) has been consolidated, and reports have been published, according to the release.
Read More