16th Finance Commission Invites Application For Economic Advisor Post
The period of appointment of the economic advisor in the Commission will be for two years or till the Commission submits its report
Mar 06, 2024, 17:28 PM IST
Explainer: As Govt Constitutes 16th Finance Commission, Know What Is Finance Commission And Its Responsibilities
The Sixteenth Finance Commission, appointed recently, has been requested to make its report available by 31st day of October, 2025 covering a period of five years commencing on the 1st day of April, 2026.
Jan 02, 2024, 11:32 AM IST
Govt Appoints Arvind Panagariya As 16th Finance Commission Chairman
From January 2015 to August 2017, Panagariya served as the first Vice Chairman of the NITI Aayog, in the rank of Cabinet Minister.
Jan 01, 2024, 09:05 AM IST
Govt To Set Up 16th Finance Comm In 2023 - Here's Why
Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations.
Apr 09, 2023, 14:45 PM IST
Economic Advisory Council of 15th Finance Commission to meet on Friday; discuss GDP, GST
India's Annual Gross Domestic Product (GDP) for April-June 2020 slowed down to 23.9 percent.
Sep 03, 2020, 16:08 PM IST
Nitish cries special category status again, says Finance Commission should look at Bihar's 'differentiated needs'
Nitish Kumar on Tuesday once again made a pitch for special category status and said that backward states like Bihar must be supported so that they can catch up with the developed states.
May 29, 2018, 18:09 PM IST
Chidambaram urges states to object to 15th Finance Commission
Former finance minister P. Chidambaram on Monday urged the chief minister's and finance minister of all the state to come together and raise an objection on the Terms of Reference (ToR) prescribed by the 15th Finance Commission for allocation of funds to states.
May 14, 2018, 10:57 AM IST
PM Modi to chair NITI Aayog's Governing Council meet on Sunday
Prime Minister Narendra Modi will chair the upcoming meet of NITI Aayog's Governing Council on Sunday, which is poised to draw up a 15-year development road map called Vision 2030.
Apr 21, 2017, 21:12 PM IST
BJP challenges opposition to debate over special category status to Andhra
Accusing the opposition parties for criticising the union government over special category status to Andhra Pradesh despite its announcement of a special economic package, the BJP on Sunday challenged them for an open debate on the issue.
Sep 11, 2016, 22:37 PM IST
The earlier GST Bill is passed, the better for states: FM Jaitley
Government on Tuesday urged the Rajya Sabha to pass the GST bill expeditiously to enable states get a share of the Service Tax which is not shared under the provisions of 14th Finance Commission.
Jul 19, 2016, 15:45 PM IST
Centre, states should work in unison to boost growth: FM Jaitley
Jaitley appreciated their efforts in attracting foreign investment and expressed the hope that "the growth momentum would catch pace in coming months".
Feb 06, 2016, 19:29 PM IST
West Bengal to benefit hugely from Finance Commission award: FM Jaitley
Rejecting criticism that West Bengal has not gained from the 14th Finance Commission, Finance Minister Arun Jaitley on Saturday said the state will get Rs 2,85,200 crore during 2015-20, which is nearly three times the amount it received in the previous five years of UPA-2 regime.
Jun 13, 2015, 21:51 PM IST
Majority of states to gain because of FinCom report: Arun Jaitley
Majority of states would stand to gain due to implementation of the 14th Finance Commission recommendations which has suggested 10 percent hike in devolution of funds to them, Finance Minister Arun Jaitley said Monday.
Mar 16, 2015, 18:33 PM IST
States should use additional funds for infrastructure: PM Modi
Prime Minister Narendra Modi on Wednesday suggested that additional funds and resources at the disposal of states should be directed primarily towards nation building, an official release here said.
Mar 04, 2015, 20:32 PM IST
Odisha to get more funds in Finance Commission: Pradhan
Refuting allegations that Odisha would lose revenue following the recommendations of the 14th Finance Commission, union Petroleum Minister Dharmendra Pradhan said on Sunday that it would get about Rs.8,000 crore more funds per annum compared to the 13th commission allocations.
Mar 01, 2015, 20:15 PM IST
Finance Commission for reforms in property tax regime
In a significant recommendation, the 14th Finance Commission has called for reforms in property tax regime by giving powers to panchyats and municipalities to levy the tax on plinth basis with a provision for periodic revision and minimising grant of exemptions.
Feb 25, 2015, 21:45 PM IST
Finance Commission for 3.6% fiscal deficit in FY16; 3% in following years
The 14th Finance Commission on Tuesday suggested a fiscal deficit target of 3.6 percent of GDP in 2015-16 and 3 percent in the subsequent years on the back of likely pick-up in economic growth.
Feb 24, 2015, 20:15 PM IST
Centre accepts Finance Commission report; States' share in taxes up 42%
The total devolution to the states in 2015-16 will be Rs 5.26 lakh crore, as against Rs 3.48 lakh crore in 2014-15, representing an increase of Rs 1.78 lakh crore.
Feb 24, 2015, 18:41 PM IST
With higher funds, states can design schemes as per need: PM
In a letter to all Chief Ministers, Modi said the states are free to change Centrally Sponsored Schemes and plan the course of their development.
Feb 24, 2015, 15:39 PM IST
14th Finance Commission report tabled; Jaitley says states must become self-sufficient
Finance Minister Arun Jaitley on Tuesday said that states must gradually become self-sufficient while the entire system of discretionary payments must end.
Feb 24, 2015, 15:31 PM IST
