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The Latest Breaking News from Finance Commission

Cabinet approves ₹2,980 crore for Exploration of Coal and Lignite scheme

The time period for the extension is from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle

The Hindu

Siddaramaiah blames Modi, Nirmala Sitharaman for denial of special grant of ₹5,495 cr. under 15th FC to State

The newly sworn-in Karnataka Chief Minister on Saturday accused Prime Minister Narendra Modi for the State suffering a loss, as its legitimate special grant of ₹5,495 crore mentioned in the interim report of the 15th finance commission, was denied to it.

The Hindu

Three ruling party ZPTCs walk out of meeting over non-release of 15th Finance Commission funds

Vajrakarur ZPTC member Tejaswini held a placard in her hand and rose to seek reply from the ZP chairperson and the Minister why the funds under 15th Finance Commission had not been sent to the mandal for works to be taken up in villages.

The Hindu

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Andhra Pradesh: Sarpanches stage protest seeking release of 15th Finance Commission funds

The State government owes ₹950 crore to the gram panchayats, and paucity of funds is hampering drinking water supply and sanitation, they say

The Hindu

Finance Ministry releases ₹7,183 crore grant to 14 States

With the release of seventh instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in current fiscal has gone up to ₹50,282.92 crore, an official statement said.

The Hindu

Pinarayi, Stalin call for united fight to uphold federalism, secularism and social justice

Seminar as part of 24th State Conference of CPI sees criticism of Centre’s attitude towards States

The Hindu

Andhra Pradesh’s finances sound, says Jagan

‘The TDP and its friendly media are trying to present a poor picture’

The Hindu

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Speed up establishing fast-track courts: Kiren Rijiju to chief justices of HCs

Law Minister Kiren Rijiju noted that of the 1,800 Fast-Track Courts recommended by the 14th Finance Commission, only 896 were functional, and more than 13.18 lakh cases were pending

The Hindu

‘Release of funds due to TS could have prevented ₹1L cr borrowings’

Congress blames TRS, BJP for borrowings beyond FRBM limit

The Hindu

Guidelines issued to local bodies for utilisation of health grants

Focus on decentralising public-health-related activities

The Hindu

Every scheme in which Centre has share should be named after Centre, says Sitharaman

Union Finance Minister Nirmala Sitharaman said that a scheme should be named after the Centre if it has a central share in it. Read more on Dynamite News

Dynamite News

L-G raises issue of anomalous treatment of U.T. in fund allocation

‘Include Union Territory under ‘Financial Assistance to States for Capital Investment,’ scheme with an outlay of ₹lakh crore’

The Hindu

Centre responded favourably to crucial issues raised by Andhra Pradesh, says Vijaya Sai Reddy

Committee formed by Prime Minister holds meeting in New Delhi

The Hindu

Data | How States’ share in Centre’s taxes declined due to cesses, explained in 5 charts

The share of the States in divisible pool is shrinking despite their carrying a higher burden of expenditure

The Hindu

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The Hindu

End this asymmetrical conflict over ‘freebies’

The judiciary’s move to study the issue could impact the economic freedom of States and the ‘Idea of India’

The Times of India

Govt releases 5th instalment of revenue deficit grant of Rs 7,183 crore to 14 states

NEW DELHI: The finance ministry on Wednesday released the fifth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal.

The Hindu

The poor state of India’s fiscal federalism

The concerns of the founding fathers — addressing socio-economic inequities — are being forgotten in today’s fiscal policy

Dynamite News

SC asks Centre to find a way to curb promises of freebies by political parties

During the hearing, CJI sought the opinion of senior advocate Kapil Sibal, who was present in court for some other matter. Read further on Dynamite News:

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The Hindu

Can promises of ‘irrational’ poll freebies be curbed, Supreme Court asks government

CJI-led Bench says issue is serious; Sibal feels it must be tackled at the State level

The Hindu

Centre released ₹8,125 crore to RLBs in Andhra Pradesh, says Sitharaman

14th Finance Commission recommended grant of ₹8,654 crore for 2015-16 to 2019-20 fiscal

The Times of India

Ghaziabad corporation gets only 25% of funds it received last year to tackle bad air

GHAZIABAD: The municipal corporation of Ghaziabad, where the air quality is one of the worst in the country, has this time received only a fourth of the funds it was sent by the Centre last year to tackle pollution. Officials said GMC got only Rs 15 crore under the 15th…

The Hindu

In Rajasthan, rural development works of panchayat bodies being monitored

The progress of financial and physical aspects of development schemes being recorded

The Hindu

Centre eroding financial rights of States: Balagopal

‘State will have to look at legal and constitutional options’

The Times of India

Tamil Nadu Chamber of Commerce and Industry urges Centre to set up NIPER in Madurai

MADURAI: The Tamil Nadu Chamber of Commerce and Industry has urged Union minister of state for parliamentary affairs and external affairs, V Muraleedharan to revive the National Institute of Pharmaceutical Education and Research (NIPER), which was planned in Madurai earlier. Representatives from the chamber met the minister here on Wednesday.

The Hindu

Initial grant of ₹256 cr. to 7 cities as part of Finance Commission's Million Plus Urban Agglomerations programme

The seven cities and the adjacent urban local bodies will get funds of ₹1,402 crore over the next five years to be spent on improving service-level benchmarks

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