Search For "tax devolution"
"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.
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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.
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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.
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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.
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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.
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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
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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
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Karnataka CM Siddaramaiah submits demands to Finance Minister ahead of Bud
Updated : 1 year, 1 month ago IST
Karnataka Chief Minister Siddaramaiah said that he has submitted Karnataka's list of demands to the Union Government ahead of the Budget presentation for the financial year 2025-26 by Finance Minister Nirmala Sitharaman on Saturday.
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Centre release 1.73 lakh crore to States towards tax devolution
Updated : 1 year, 2 months ago IST
The Union Government has released tax devolution of Rs 1,73,030 crore to State Governments today, as against the devolution of Rs 89,086 crore in December 2024.
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"We are planning to file suit against this": CM Siddaramaiah on PM Modi's
Updated : 1 year, 3 months ago IST
Addressing a rally in Maharashtra earlier this month, PM Modi alleged that the Congress is "looting people" in Karnataka and the money is allegedly being used for campaigning in Maharashtra.
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"Injustice in tax devolution," says CM Siddaramaiah on Karnataka formation
Updated : 1 year, 4 months ago IST
Celebrating the 69th Karnataka Foundation day on Friday, Chief Minister Siddaramaiah said that the state is "met with an injustice" on tax devolution, saying that the state contributes a lot in taxes but does not receive their fair share in return.
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Grant-in-aid, tax devolution from Centre to States will moderate at 4.5 pc
Updated : 1 year, 4 months ago IST
State governments across India are expected to face tighter finances in FY25, as grants-in-aid from the Centre are projected to decline by 6.3 per cent, highlighted a report by NSE.
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