The Joint Parliamentary Committee (JPC) on the 'One Nation, One Election' Bill is scheduled to meet on July 30, with noted economist N K Singh set to depose before the panel. Singh is a former Rajya Sabha Member, Chairman of the Fifteenth Finance Commission of India, former Member of the
He also appealed to the 16th Finance Commission to approve the Andhra Pradesh government's plea to bridge the revenue deficit. The Chief Minister highlighted that the state continues to face financial constraints due to the bifurcation.
Chief Ministers and representatives from seven Northeastern states convened on Monday in New Delhi for a consultative meeting with members of the 16th Finance Commission.
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.
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.
"There is no shortage of funds. I often make announcements worth Rs 1 lakh crore to Rs 50,000 crore. People especially journalists find it hard to believe such figures. I tell them to write down every word, and if even one project doesn't happen, they can run it as breaking news. But today,
"These funds are critical for carrying out essential developmental initiatives and completing a wide range of civic and infrastructure works, including improvement of roads, sanitation, urban beautification, health and wellness, among others in the region," it said.
This substantial allocation, in accordance with the recommendations of the Fifth Delhi Finance Commission (DFC), will play a vital role in strengthening the Corporation's financial position and supporting various public services across the capital. The allocation is 6 per cent of the Delhi g
While speaking with ANI, the state's Finance Minister, Suresh Khanna, said that CM Yogi laid out several demands in front of the Finance Commission. This also included a demand to increase state's share in central taxes.
Principal Secretary to the Prime Minister, PK Mishra, highlighted India's robust Disaster Risk Reduction (DRR) financing system--cumulatively exceeding USD 28 billion--and called for concrete, time-bound outcomes and the creation of a global facility for catalytic funding, technical assis