Finance Commission News - Latest Updates & Headlines
16th Finance panel meets MP's industry representatives in Indore
Indore, March 8: The 16th Finance Commission of India led by Arvind Pangariya, which is in Madhya Pradesh to assess the state's financial requirement, on Friday, held discussion with representatives of industry and trade organisations in Indore.
'Viksit Bharat' requires 'Viksit Madhya Pradesh': CM Yadav
Bhopal, March 6: Chief Minister Mohan Yadav said on Thursday that a 'Viksit Bharat' requires a 'Viksit Madhya Pradesh', adding that enhanced financial grants from the Centre would enable Madhya Pradesh to meet the economic challenges and to achieve long-term objectives.
MP govt submits demands for revenue share during 16th Finance Commission
Bhopal, March 6: Chief Minister Mohan Yadav-led Madhya Pradesh government in a meeting with the 16th Finance Commission in Bhopal on Thursday submitted its financial need to ensure economic growth of the state in the next five years.
MP pitches for non-tax revenue inclusion in tax pool, suggests multi-dimensional poverty as new criteria
Bhopal, March 6: Aravind Panagariya, the Chairman of the 16th Finance Commission, on Thursday, highlighted the fervent appeals from Madhya Pradesh, which is seeking an increased allocation from the central divisible pool, aiming to raise its share from the current 41 per cent to a more substantial 48 per cent.
Madhya Pradesh: 16th Finance Commission likely to focus on CAG recommendations
Bhopal, March 5: Despite slim chances, the Madhya Pradesh harbours aspirations for increased funds particularly for its ailing local bodies, some improvements are expected in accounting system in state's ailing local bodies as visiting 16th Finance Commission is likely to focus on certain suggestions provided by ace accounting body -- Comptroller and Auditor General of India (CAG).
MP: 16th Finance Commission discusses state's financial needs with rural, urban bodies in Bhopal
Bhopal, March 5: The 16th Central Finance Commission, led by Chairman Arvind Panagariya, held discussions with representatives of rural and urban bodies in Bhopal on Wednesday.
CAG, 16th Finance Commission hold consultation on public finance, lays emphasis on financial management of local bodies
New Delhi, March 5: The Comptroller and Auditor General of India, K Sanjay Murthy, held consultations with the 16th Finance Commission, chaired by Chairperson Arvind Panagariya, in Bhopal, Madhya Pradesh, on Wednesday.
Himachal secures Rs 50 cr grant for MSSCs under 15th Finance Commission: PWD Minister Vikramaditya Singh
Shimla, March 5: Himachal Pradesh Public Works Minister Vikramaditya Singh on Wednesday said that, due to the state government's continuous efforts and representations, the central government has sanctioned a grant of Rs.50 crore for the establishment of Municipal Shared Services Centres (MSSCs) for the National Data Centre in the State under the 15th Finance Commission.
CAG, 16th Finance Commission hold consultation on public finance, lays emphasis on financial management of local bodies
New Delhi, March 5: The Comptroller and Auditor General of India, K Sanjay Murthy, held consultations with the 16th Finance Commission, chaired by Chairperson Arvind Panagariya, in Bhopal, Madhya Pradesh, on Monday.
CAG, 16th Finance Commission hold consultation on Public Finance
New Delhi, March 5: The Comptroller and Auditor General of India (CAG), K Sanjay Murthy, met with the Sixteenth Finance Commission chaired by Arvind Panagariya in Madhya Pradesh's Bhopal on Wednesday, the office of the CAG said in a release.
16th Finance Commission arrives in Bhopal to assess MP's financial needs (Lead)
Bhopal, March 4: The 16th Finance Commission led by its chairman Arvind Panagariya arrived in Madhya Pradesh to assess the state's financial needs and tax devolution on Tuesday.
MP to be in parleys with 16th finance commission
Bhopal March 3: Madhya Pradesh is gearing up for a pivotal moment as a high-profile delegation, led by Arvind Panagariya, Chairman of the 16th Finance Commission, is visiting the state from Tuesday.
Centre releases grants worth Rs 699 crore for rural local bodies in West Bengal
New Delhi, March 3: The government on Monday released grants worth Rs 699 crore for rural local bodies in West Bengal under the 15th Finance Commission.
Revised figures of GDP indicate robustness of Indian economy, says Arvind Panagariya
New Delhi, March 1: Arvind Panagariya, chairman of the 16th Finance Commission, has said that India's GDP figures for the October- December quarter of this fiscal year are encouraging and that the economy is doing very well.
PMK urges Centre to increase fund allocation for states by 50 per cent
Chennai, March 1: Pattali Makkal Katchi (PMK) founder and president S. Ramadoss on Saturday urged the Central government to increase the fund allocation to state governments by 50 per cent.
Reduction in K'taka's tax revenue share is attack on federal structure: Siddaramaiah
Bengaluru, Feb 28: The Union government's attempt to further reduce Karnataka's rightful share of tax revenue is not just anti-Karnataka but also a direct attack on the federal structure enshrined in the Constitution, stated Chief Minister Siddaramaiah.
Attack on federal structure: Siddaramaiah accuses Centre of reducing Karnataka's tax revenue share
Bengaluru, February 28: The Union Government's attempt to further "reduce" Karnataka's rightful share of tax revenue is not just anti-Karnataka but also a direct attack on the federal structure enshrined in the Constitution, Chief Minister Siddaramaiah alleged in a statement on Friday.
Mizoram CM seeks special funding from finance panel given state's difficult terrain, natural disasters
Aizawl, Feb 24: Mizoram Chief Minister Lalduhoma on Monday urged the 16th Finance Commission to provide special financial consideration for his state given its difficult terrain, frequent natural disasters like floods and landslides, water scarcity and other problems.
Finance Commission to start consultations on revenue-sharing model in Mizoram
Aizawl, Feb 23: The16th Finance Commission, led by its Chairman Arvind Panagariya will start formal consultations with the Mizoram government, industrial organisations, rural and urban local bodies, autonomous institutions from Monday to evolve a revenue-sharing model between the central and state governments and various other aspects, officials said here on Sunday.
Centre releases Rs 1,086 crore for Rural Local Bodies in Bihar, Haryana, Sikkim
New Delhi, Feb 19: The Centre on Wednesday released grants to the tune of Rs 1,086.06 crore under the Fifteenth Finance Commission to the Rural Local Bodies of Bihar, Haryana and Sikkim for financial year 2024–25.
Maharashtra Cabinet approves formation of sixth Finance Commission
Mumbai, Feb 18: The Maharashtra Cabinet meeting held on Tuesday gave its approval for the establishment of a sixth Finance Commission.
Centre releases over Rs 562 crore to bolster rural local bodies in Punjab, Uttarakhand, Chhattisgarh
New Delhi, Feb 18: The Central government on Tuesday released the 15th Finance Commission grants (financial year 2024–25) for rural local bodies in Punjab, Uttarakhand and Chhattisgarh to help the states further strengthen grassroots democracy.
Piyush Goyal slams states seeking Central funds on basis of tax contribution
Mumbai, Feb 9: Union Commerce Minister Piyush Goyal has come out strongly against the demand of some states seeking allocation of central funds in proportion to the taxes that they contribute to the Central pool.
US President Trump, Centre criticized in Kerala Budget speech
Thiruvananthapuram, Feb 7: The final full budget of the second Pinarayi Vijayan government, presented in the Kerala Legislative Assembly on Friday by State Finance Minister K.N. Balagopal, took sharp aim at newly elected US President Donald Trump and the Union Government.
Odisha: Representatives submit memorandums to 16th Finance Commission
Bhubaneswar, Feb 6: The representatives of different political parties in the state on Thursday met the 16th Finance Commission and presented separate memorandums demanding more funds for the state.
Odisha urges increase in states' share in Central tax revenue to 50 pc
Bhubaneswar, Feb 6: The Odisha government on Thursday proposed the 16th Finance Commission to enhance the share of states in the Central tax revenue to 50 per cent.
Andhra CM Chandrababu Naidu meets 16th Finance Commission Chairman in Delhi
New Delhi, February 3: Andhra Pradesh Chief Minister Nara Chandrababu Naidu and Finance Minister Payyavula Keshav met the Chairman of the 16th Finance Commission, Arvind Panagariya, in Delhi on Saturday.
Karnataka CM Siddaramaiah submits demands to Finance Minister ahead of Budget, calls for fair approach from Centre
Bengaluru, January 31: Karnataka Chief Minister Siddaramaiah has submitted Karnataka's list of demands to the Union Government ahead of the Budget presentation for the financial year 2025-26 tomorrow.
Will make proposals based on NE's socio-economic & geographical situations: Arvind Panagariya
Agartala, Jan 30: The 16th Finance Commission while making its recommendations would keep in mind the socio-economic and geographical situations of the northeastern states, the panel chairman Arvind Panagariya said here on Thursday.
16th Finance Commission team to visit Tripura on Jan 29
Agartala, Jan 28: The 16th Finance Commission headed by Chairman Arvind Panagariya would hold a series of meetings simultaneously with the Tripura government and various stakeholders such as political parties, rural and urban local bodies, and representatives of trade, Industries, and Commerce here during its four-day visit to the state from Wednesday, an official said.
Odisha govt constitutes Sixth State Finance Commission
Bhubaneswar, Jan 22: The Odisha government on Wednesday constituted the 6th State Finance Commission(SFC). The Odisha Finance Department has issued a formal notification regarding the formation of the 6th SFC under the Chairmanship of retired IAS officer, Arun Kumar Panda.
Odisha Cabinet has approved 10 key proposals
Bhubaneswar, Jan 22: The Odisha Cabinet has approved 10 key proposals during a meeting chaired by Chief Minister Mohan Charan Majhi here on Wednesday.
41 pc divisive pool given to states in previous finance commission: Arvind Panagariya
Gangtok, Jan 20: Chairman of the 16th Financial Commission of India Arvind Panagariya on Monday said that as per the recommendations of the previous commission, 41 per cent divisive pool went to the states while 59 per cent went to the Centre.
Centre releases over Rs 1.73 lakh crore to states as share in taxes
New Delhi, Jan 10: The Union Government released a tax devolution of Rs 1,73,030 crore to state governments on Friday, up from the devolution of Rs 89,086 crore in December 2024.
Centre release 1.73 lakh crore to States towards tax devolution
New Delhi, January 10: 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.
Goa demands Rs 3600 crores from 16th Finance Commission
Panaji, January 9: Goa has demanded Rs 3600 crores from the 16th Finance Commission delegation which is visiting Goa, stated state's Chief Minister Pramod Sawant.