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The Latest Breaking News from Finance Commission

Arvind Panagariya’s advice to RBI: ‘100 is just a number; let rupee depreciate or reserves will bleed out’

Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency with foreign exchange reserves is a losing strategy. Panagariya suggests that letting the rupee depreciate is the correct response to rising oil prices…

The Economic Times

Fiscal environment, GST: States struggle to raise health spending

Unable to eat, and depending solely on oral rehydration solutions, Ahmed* (40) spent the last 15 days of his life hoping to get an endoscopic procedure at the All India Institute of Medical Sciences in Delhi, 350 km away from his hometown in Farrukhabad, Uttar Pradesh. He died on July…

Newslaundry

Tamil Nadu’s economy expected to grow at 8.08% to 10.69% in 2024-25, says study

Tamil Nadu's economy projected to grow at 8.08% to 10.69% in 2024-25, outperforming India, despite global fluctuations.

The Hindu

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BJP repeatedly tried to impose its will on people of Tamil Nadu: Congress leader Jairam Ramesh

Congress accuses BJP of imposing will on Tamil Nadu, highlighting NEET issues and insufficient tax devolution from Centre.

The Hindu

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

Vijay Kelkar says urgent reforms needed in India's complex GST regime, advocating for a single 12% tax rate and revenue sharing.

The Hindu

Karnataka Revenue Minister counters Nirmala Sitharaman’s claim on ‘final report’

Union Finance Minister Nirmala Sitharaman claims all funds released to Karnataka as per 15th Finance Commission, countered by Karnataka Revenue Minister.

The Hindu

The Kerala-Centre dispute over States’ borrowing powers | Explained

The Supreme Court declines interim relief to Kerala in its suit against the Centre pertaining to cap on borrowing. We explore the issues at stake and what the Court has said

The Hindu

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The Finance Commission and public finance in Kerala

Public debt management is getting wider attention in Centre-State financial relations

The Hindu

BJP accuses ruling Congress of showing signs of frustration ahead of LS polls

The BJP on Tuesday claimed that the “objectionable” remarks of some Congress leaders including Kannada and Culture Minister Shivaraj Tangadagi against it was an indication that the Congress leaders were becoming frustrated ahead of the Lok Sabha polls.

The Hindu

Nirmala terms Karnataka govt.’s attack on Centre about funds as ‘false and misleading’

Union Finance Minister refutes Karnataka government's claims on funding, provides data showing increased devolution and grants, accuses Congress of misleading.

The Hindu

Nirmala Sitharaman dubs Karnataka’s claim on funds as ‘utterly baseless’

Union Finance Minister Nirmala Sitharaman on Sunday said that the claims of the Karnataka government that it has not received its due share of funds was “utterly baseless” and was not part of the final recommendations of the Finance Commission.

The Hindu

Central transfers — arresting the decline in shares of some States

There is a case to address the issue raised by some of the States regarding their declining shares

The Hindu

Interview | T.N. Finance Minister Thangam Thennarasu discusses the State Budget for 2024-25

Tamil Nadu Finance Minister Thangam Thennarasu, who presented the State Budget for 2024-25, says the Budget catered to aspirations of every segment, sector and region of Tamil Nadu

The Hindu

Karnataka Assembly adopts resolution condemning ‘stepmotherly’ attitude of Centre

Karnataka Legislative Assembly condemns Centre's alleged injustice in fund allocation, citing huge financial losses and biased treatment.

The Hindu

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Dynamite News

Kerala one of most financially unhealthy states, Attorney General tells Supreme Court

Responding to Kerala's government suit, the Centre in its affidavit, apprised the apex court that Kerala has been one of the most financially unhealthy states. Read further on Dynamite News:

The Hindu

Kerala is one of the most financially unhealthy States in the country, Centre tells SC

The Centre informs the Supreme Court that Kerala's poor financial management affects the country's credit rating.

The Hindu

BJP claims State got more funds under NDA than UPA regime

Opposition BJP counters Congress' allegations of step-motherly treatment, claiming central allocation to Karnataka increased threefold under BJP.

The Hindu

Here are the big stories from Karnataka today

Karnataka Today newsletter: Siddaramaiah govt to protest “step-motherly treatment” by Centre, and more

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The Hindu

Congress will hold protest in Delhi on Feb. 7 against injustice to Karnataka: D.K. Shivakumar

Deputy Chief Minister D.K. Shivakumar on Friday announced that the Karnataka government will stage a protest in New Delhi on February 7 against the stepmotherly treatment by the BJP government in the Centre.

The Hindu

Local body Plan expenditure at 34%

With just 2 months left in the financial year, local self-government institutions in Thiruvananthapuram have spent 34% of their budget, lower than previous years.

Top News

Indian government appoints members for new finance panel

The Indian government has appointed members for the new finance panel, tasked with advising on fiscal matters and allocation of resources.

The Hindu

President clears members’ names; 16th Finance Commission all set to kick off

16th finance commission: The Commission, chaired by former Vice Chairman of Niti Aayog Arvind Panagariya, will have 4 members, who will be assisted by Secretary Ritvik Ranjanam Pandey, two Joint Secretaries and one Economic Advisor.

The Hindu

Tax contribution by States needs to be revisited

Since the 1st Finance Commission, some States have been arguing that their contributions to the Union tax revenue have been higher than others and, therefore, they rightfully have higher shares in the Union tax revenue.

The Hindu

Karnataka not receiving incentives for its fiscal efficiency: Chief Minister

Chief Minister Siddaramaiah lamented that despite Karnataka’s proven track record of sound fiscal performance, it is not receiving any incentives for its fiscal efficiency. He said this after inaugurating the national-level seminar on ‘Fiscal Federalism: Challenges Before the Sixteenth Finance Commission’, organised by M.S. Ramaiah University of Applied Sciences in…

The Hindu

Cabinet approves creation of three officer-level posts for 16th Finance Commission

The Cabinet approves the creation of three officer-level posts to assist the 16th Finance Commission in New Delhi.

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