Search For "devolution"
Centre releases Rs 139,750 crore to states towards tax devolution for June
Updated : 1 year, 9 months ago IST
The biggest chunk of the fund went to Uttar Pradesh at Rs 25,069.88 crore, followed by Bihar at Rs 14,056.12 crore, Madhya Pradesh got Rs 10,970.44 crore, and West Bengal was devolved Rs 10,513.46 crore.
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Uttarakhand CM Dhami thanks PM Modi, FM Sitharaman for releasing tax devol
Updated : 1 year, 9 months ago IST
Uttarakhand Chief Minister Pushkar Singh Dhami has expressed his gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for releasing an amount of Rs. 1562.44 crores to Uttarakhand in the tax-transfer process.
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Finance Ministry announces additional Rs. 1.39 lakh crore tax devolution t
Updated : 1 year, 9 months ago IST
The additional installment of funds is part of a broader fiscal strategy outlined in the Interim Budget for 2024-25, which has allocated Rs 12,19,783 crore towards the devolution of taxes to states.
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Finance Commission invites suggestions from public on devolution of taxes
Updated : 1 year, 10 months ago IST
The 16th Finance Commission has invited suggestions/views from the general public, institutions and organisations for the allocation of resources between the centre and states along with the issues relevant to the working of the commission.
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Great injustice to Karnataka: CM Siddaramaiah on devolution of taxes
Updated : 1 year, 11 months ago IST
"In Karnataka, in 2023-24, we all gave 4 lakh 30 thousand crores rupees as taxes from various tax systems. But we are getting only 55 thousand crores. Is it not an injust to Karnataka? That is what we are requesting. There is great injustice to Karnataka so far as devolution of taxes is conc
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Centre's tax devolution to states up by Rs 2.25 lakh crore in FY24
Updated : 1 year, 11 months ago IST
A total amounting to Rs 10.3 lakh crore has been transferred to state governments as devolution of share of taxes by central government, which is Rs 2.25 lakh crore higher than it had done the previous year, the Ministry of Finance said in a release on Thursday.
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Tripura receives additional tax devolution of Rs 1006 crore
Updated : 2 years ago IST
In a significant move, the central government released an additional tax devolution, amounting to Rs 1006 crore for the state of Tripura.
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Union government releases Rs 1.42 Lakh Crore in tax devolution to state go
Updated : 2 years ago IST
According to a press release, this move is aimed at providing much-needed support to state administrations in financing various social welfare programs and infrastructure development schemes.
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Centre released Rs 4842 crore in tax devolution to Chhattisgarh: CM Vishnu
Updated : 2 years ago IST
Speaking to the media, Chief Minister Vishnu Deo Sai expressed gratitude, stating, "Chhattisgarh is fortunate to have a double-engine government, and we have received a significant amount of 4842 crore in tax devolution."
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Centre has no role except obeying to finance commission: Sitharaman on Sou
Updated : 2 years ago IST
The central government has no role to play except for obeying the finance commission, Union Finance Minister Nirmala Sitharaman said in categorical words on allegations that southern states, in particular, are upset with the Centre for not sharing as much as taxes they earlier used to. Read More
After Karnataka Government passes resolution against Centre's tax devoluti
Updated : 2 years ago IST
Karnataka Minister and Congress leader Priyank Kharge on Friday criticised the opposition, Bharatiya Janata Party in the state after the walkout by its members during assembly session on February 22.
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"Sharp decline in funds from Centre to Kerala": State Finance minister KN
Updated : 2 years, 1 month ago IST
Amid the ongoing tussle between non-BJP states and the Centre over the tax devolution mechanism, Kerala Finance Minister KN Balagopal on Saturday expressed concerns saying there has been a reduction in the percentage of funds that the soutern is getting from the Centre.
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