Tax Devolution News - Latest Updates & Headlines
Govt of India nets Rs 25.46 lakh crore, spends Rs 38.93 lakh crore in FY24-25 up to Feb: Reports
New Delhi, March 28: The Government of India's monthly account up to February 2025 (FY2024 -25) has been consolidated, and reports have been published, according to the release.
Centre's transfer of tax share to states shoots past Rs 11.8 lakh crore in April-Feb
New Delhi, March 28: The Centre has transferred Rs 11,80,532 crore transferred to the state governments as devolution of share of taxes by the government of India in the 11 months of the current financial year up to February 2025, which is Rs 1,47,099 crore higher than the previous fiscal year (2023-24), according to figures released by the Finance Ministry on Friday.
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.
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.
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 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.