Finance Commission

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Finance Commission - Total results - 54
Sushil Kumar Modi writes to Nirmala Sitharaman seeking Rs 7,434 cr grants for Bihar
Business

Sushil Kumar Modi writes to Nirmala Sitharaman seeking Rs 7,434 cr grants for Bihar

If the amount is released in the first quarter of the fiscal, it will be helpful for the government to implement piped drinking water project and drainage scheme, Sushil Kumar Modi said

Advisory Council of 15th Finance Commission to meet today; first meeting after submission of report for 2020-21
Business

Advisory Council of 15th Finance Commission to meet today; first meeting after submission of report for 2020-21

The Commission is going ahead with the work related to drafting the recommendations for the five years spanning 2021-22 to 2025-26

Indian states demand payment for ecosystem services: An idea whose time has come
long-reads

Indian states demand payment for ecosystem services: An idea whose time has come

Himalayan states in India are demanding payment for ecosystem services such as clean water and pristine forests, based on the idea of natural capital whose time has come.

Union Budget 2019: Govt proposes to create payment platform for MSMEs to enable filing of bills, facilitate timely payments
Business

Union Budget 2019: Govt proposes to create payment platform for MSMEs to enable filing of bills, facilitate timely payments

Investment in MSMEs will receive a big boost if these delays in payments are eliminated, Sitharaman said

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

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
India

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

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

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.

Farm loan waivers to crimp states' capital spending; revenue deficit widens despite higher receipts: Report
Business

Farm loan waivers to crimp states' capital spending; revenue deficit widens despite higher receipts: Report

Last year, larger states like Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu had also announced farm loan waivers as financial distress kept rising among farmers.

Finance Commission chairman cautions against fiscal slippage; says will impact macroeconomic stability
Business

Finance Commission chairman cautions against fiscal slippage; says will impact macroeconomic stability

Singh expressed apprehension that some states are not according priority to fiscal discipline, which was not the case earlier.

India Inc sees 'great choice' in Shaktikanta Das' appointment as RBI governor, says it is booster to industry
Business

India Inc sees 'great choice' in Shaktikanta Das' appointment as RBI governor, says it is booster to industry

Industry body FICCI welcomed the appointment of former Economic Affairs Secretary and current member of the Finance Commission, Das, as RBI Governor.

Govt appoints former finance secretary Shaktikanta Das as new RBI governor for a period of three years
Business

Govt appoints former finance secretary Shaktikanta Das as new RBI governor for a period of three years

Shaktikanta Das has been appointed following the resignation of Urjit Patel on Monday citing personal reason amid rising tension between him and the government.

Comptroller and Auditor General Rajiv Mehrishi questions RBI's accountability over NPA crisis in banks
Business

Comptroller and Auditor General Rajiv Mehrishi questions RBI's accountability over NPA crisis in banks

The major cause of the current banking crisis is a huge asset-liability mismatch, but nobody is talking about this, there is a lack of public policy debate, Mehrishi said

Kerala floods: What state is demanding is official transfer of money assigned for relief, and not charity
India

Kerala floods: What state is demanding is official transfer of money assigned for relief, and not charity

Kerala received only 1.62 percent of the total money allocated by the Centre for the year 2018-19 at the national level