Finance ministry sanctions Rs 46,038 cr as states share in central taxes and duties for April
The Finance Ministry on Monday said it has sanctioned Rs 46,038 crore for the devolution of states' share in central taxes and duties for April
New Delhi: The Finance Ministry on Monday said it has sanctioned Rs 46,038 crore for the devolution of states' share in central taxes and duties for April.
In a tweet the ministry said to assist states effectively address situation arising out of COVID-19 pandemic, as a special dispensation, the calculation of net proceeds of shareable taxes has been kept unchanged as per Budget 2020-21. The Budget had projected the share of the states in taxes at Rs 7.84 lakh crore for 2020-21.
Ministry of Finance has issued sanctions for April instalment of Devolution of States’ Share in Central Taxes and Duties amounting to ₹46,038.10 cr today.
— Ministry of Finance 🇮🇳 #StayHome #StaySafe (@FinMinIndia) April 20, 2020
The 15th Finance Commission had recommended the share of states at 41 percent of the divisible pool and 1 percent for the newly-created union territories of Jammu and Kashmir, and Ladakh.
The 14th Finance Commission had recommended the states be given 42 percent share in taxes. "Ministry of Finance has issued sanctions for April instalment of Devolution of States' Share in Central Taxes and Duties amounting to Rs 46,038.10 crore today. The inter-se share is as per the recommendations of the XV Finance Commission,” the ministry tweeted.
Former Indian women volleyball team captain Nirmal Kaur, who is the wife of sprint legend Milkha Singh, passed away at a Mohali hospital after a three-week fight with COVID-19.
Kenyan contingent was due to spend 12 days in Kurume from 7 July to acclimatise before the Tokyo Olympics open. The head of the Kenyan team said it was “too late” to organise another training camp in Japan before the Olympics.
Centre issues COVID management guidelines for children: No remdesivir, no self-medication of steroids
The guidelines also recommended a six-minute walk test for children above 12 years under the supervision of parents/guardians