Finance Commission

Economists highlight need for reducing centre, state debt; call for new means to garner revenue

During the meeting with the 15th Finance Commission on Wednesday, 12 economists also made a case for improving the quality of budgeting

Daily Bulletin: Modi likely to continue anti-Gandhi tirade at UP, Bengal rallies; SC to hear plea on Rahul's citizenship; day's top stories

Today's top stories: Narendra Modi is likely to continue anti-Gandhi tirade at rallies in Uttar Pradesh and West Bengal; the Supreme Court will hear the petition on Rahul Gandhi's alleged British citizenship; Donald Trump's son Donald Junior has been subpoenaed in the light of the Robert Mueller probe; and more.

RBI warns Finance Commission of more fiscal slippages by states, lists out specific factors in revised estimates

Terming it as "poor fiscal marksmanship", the RBI also went public with its concerns on deviation in revised estimates

Finance Commission members to meet RBI governor Shaktikanta Das, bank officials during Mumbai visit on 8-9 May

The 15th Finance Commission will meet RBI Governor Shaktikanta Das and representatives of banks and financial institutions during its two-day visit to Mumbai beginning 8 May, according to an official statement

Chief economic advisor Krishnamurthy Subramanian included in Finance Commission's advisory council

In December 2018, the government appointed Subramanian of Indian School of Business (ISB), Hyderabad, as the chief economic advisor in the finance ministry for three years.

Centre to gain more from GST in long run, does not command trust of states, says former RBI governor Y V Reddy

The trust deficit has increased in regard to the administration of the GST, former governor YV Reddy said

Need to reinvent NITI Aayog, empower it to perform functions of Centre-state coordination: Former RBI chief YV Reddy

There is a need to upgrade the NITI Aayog and empower it to perform functions of Centre and state coordination, he said

Minimum income support scheme can be realised by cutting other doles: Former RBI Governor YV Reddy

It would be difficult for state governments to implement a similar scheme as they largely depend on the Centre for finance and borrowing limit, Reddy said

Economic growth may accelerate to 7.5% in 2019-20 from 7.2% in current fiscal, says CEA KV Subramanian

The Budget pegs fiscal deficit to be at 3.4 percent of the GDP for 2019-20.

Role of Finance Commission, dispersal of funds to states need a re-look, says Telangana chief minister KCR

Favouring a re-look at the role of the Finance Commission and the way devolution of funds is made to states, Telangana chief minister K Chandrashekar Rao (KCR) said it would be better if the commission becomes a policy formulating body.