Finance Commission
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RBI Deputy Governor T Rabi Sankar appointed part-time member of 16th Finance Commission
Business | June 07, 2025 17:09 ISTT Rabi Sankar inclusion comes at a time of leadership reshuffle within the Commission, following the resignation of former Finance Secretary Ajay Narayan Jha due to personal reasons.
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16th Finance Commission sets up five-member Advisory Council: What are its role and functions?
India | July 11, 2024 13:40 ISTThe Finance Commission is a constitutionally mandated body established every five years to coin a formula for distributing the net tax proceeds between the Centre and the states, as well as among the states and local bodies.
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Government appoints four members to newly-constituted 16th Finance Commission
Business | January 31, 2024 10:49 ISTThe commission will be chaired by former vice chairman of Niti Aayog Arvind Panagariya, whose members will be assisted by Secretary Ritvik Ranjanam Pandey, two joint secretaries, and one economic advisor
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Cabinet gives nod for creation of three officer-level posts for 16th Finance Commission
Business | January 18, 2024 16:04 ISTThe new positions are necessary to support the commission for its functions, while all other posts in the commission have already been created as per the delegated powers, according to an official statement.
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Arvind Panagariya appointed as 16th Finance Commission Chairman
Business | December 31, 2023 15:54 ISTBesides suggesting tax devolution between the Centre and states and revenue augmentation measures, the commission would review the present arrangements for financing disaster management initiatives with reference to the funds constituted under the Disaster Management Act, 2005.
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Modi Cabinet approves 'Terms of Reference' of 16th Finance Commission | Check details
Business | November 30, 2023 12:27 ISTThe commission will examine current arrangements for funding disaster management initiatives with reference to the funds established under the Disaster Management Act, 2005. In addition, it will also review tax devolution and state revenue augmentation strategies.
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PM Modi ensured safety of Tamil minorities in Sri Lanka: J P Nadda
News | April 03, 2021 19:40 ISTAhead of upcoming Assembly elections in Tamil Nadu, Bharatiya Janata Party (BJP) National President J P Nadda attended a public meeting at Modakurichi, Erode on April 3 and said Prime Minister Narendra Modi is the first PM who visited Jaffna and ensured safety of Tamil Nadu minorities.
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Tax Devolution: Finance Commission advised to treat FY21, FY22 differently
Business | September 05, 2020 10:32 ISTThe council suggested that the 15th Finance Commission under the chairmanship of N. K. Singh will have to take a nuanced approach towards tax devolution to the states, other transfers, financing of expenditures in the midst of revenue strains including through borrowings and the path of fiscal consolidation.
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Cabinet approves extension of 15th Finance Commission term
Business | November 27, 2019 14:56 IST"The Union Cabinet approved the Fifteenth Finance Commission (FC) to submit its first report for the first fiscal year viz. 2020-21 and to extend the tenure of XV-FC to provide for the presentation of the final report covering FYs 2021-22 to 2025-26 by October, 31, 2020," an official statement said.
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Tamil Nadu urges Centre to release pending dues
India | October 23, 2019 21:08 ISTThe Tamil Nadu government on Wednesday urged the Centre to release funds, including performance grant, due to the state under the 14th Finance Commission, saying it would help in providing amenities such as water supply and sanitation for the public.
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15th Finance Commission supports cold chain projects
Business | September 05, 2019 8:04 ISTThe 15th Finance Commission headed by N.K. Singh on Wednesday commended policy measures taken by the Food Processing Ministry to raise farm income and generate value-added activities.
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Government extends 15th Finance Commission's term by a month till November 30
Business | July 17, 2019 17:49 ISTThe government on Wednesday extended the 15th Finance Commission's term by a month till November 30, and broadened the ambit of its recommendation to include funds for defence and internal security, an official statement said.
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CMs of Himalayan states to meet on July 29
Politics | July 12, 2019 16:21 ISTMaking the announcement, Uttarakhand Chief Minister Trivendra Singh Rawat said heads of the Finance commission and Niti Aayog would also participate in the one-day conference at the hill resort of Mussoorie.
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15th finance panel stresses on dialogue with GST council
India | June 25, 2019 20:28 ISTFinance Commission Chairman N K Singh Tuesday stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to address various concerns on the taxation regime.
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Bihar govt to demand increased allocation of funds from Centre
India | June 21, 2018 14:00 ISTThe 14th Finance Commission had allocated Rs 2591 crore for disaster management for Bihar, though the outlay was much higher for states including Maharashtra and Rajasthan, alleged Sushil Kumar Modi.
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No inherent bias in Finance Commission's terms of reference: Jaitley
India | April 10, 2018 22:00 ISTIn a first-of-its-kind initiative, the finance ministers of south Indian states at a conclave at Thiruvananthapuram said that ToR was against the principles of federalism enshrined in the Constitution and also would result in revenue loss to the performing states.
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Victory in Leh polls a good sign; will win Bihar too: Prakash Javadekar
Politics | October 24, 2015 22:17 ISTNagpur: Terming the BJP's win in Leh Hill Council polls in Jammu and Kashmir as a "good sign", Union Minister Prakash Javadekar today asserted that the party will replicate such victory in Bihar Assembly elections
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WB to benefit hugely from Finance Commission award: Arun Jaitley
June 13, 2015 19:29 ISTNew Delhi: Rejecting criticism that West Bengal has not gained from the 14th Finance Commission, Finance Minister Arun Jaitley today said the state will get Rs 2,85,200 crore during 2015-20, which is nearly three times
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Modi has drastically slashed central allocations: Gogoi
Politics | May 27, 2015 17:59 ISTGuwahati: Accusing the Prime Minister of making a U-turn on his ‘acche din' (good days) pre-poll promises to the people of Assam, Chief Minister Tarun Gogoi today asserted that Narendra Modi has drastically cut Central
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Kejriwal seeks greater share of taxes Delhi gives to Centre
Politics | April 07, 2015 20:32 ISTNew Delhi: Delhi Chief Minister Arvind Kejriwal today pitched for a greater share for the national capital of the taxes it pays to the Centre and said the state government was not at loggerheards with
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