Trending:
June 7, 2025, 07:10 PM - 2 min read
RBI’s Deputy Governor T Rabi Sankar has been appointed as part-time member of the 16th Finance Commission
Read more
May 30, 2025, 03:40 PM - 4 min read
All Ministries and Departments have been informed they will receive allocation 5.5 times their average actual annual expenditure during the last five years once the 16th Finance Commission cycle begins (2026-31)
Read more
May 28, 2025, 05:10 PM - 2 min read
A high-level team from the 16th Finance Commission arrived here on Wednesday on a four-day visit, an official said.
Read more
January 20, 2025, 05:48 PM - 4 min read
The full team of the 16th Finance Commission, led by its chairman Arvind Panagariya, met the Sikkim chief minister at the state secretariat.
Read more
January 9, 2025, 04:35 PM - 3 min read
After meeting the members of the commission, Goa Chief Minister Pramod Sawant said, "A delegation of the 16th Finance Commission is visiting Goa and we held a meeting with it. Goa Cabinet members have kept a demand of Rs 3600 crores before it. This is mainly for tourism, health, agriculture and disaster management sectors."
Read more
October 21, 2024, 08:09 PM - 4 min read
The 16th Finance Commission headed by Dr Arvind Panagariya, which is visiting Gujarat, held meetings with Chief Minister Bhupendra Patel and top officials during and is expected to finalise its report on recommendations by October 2025.
Read more
September 10, 2024, 03:16 PM - 3 min read
Telangana Chief Minister A Revanth Reddy on Tuesday urged the 16th Finance Commission to increase the share of states in Central taxes from the existing 41 per cent to 50 per cent.
Read more
August 29, 2024, 03:37 PM - 3 min read
Karnataka Chief Minister Siddaramaiah urged the 16th Finance Commission to cap cesses and surcharges at 5% of gross tax revenue, increase vertical devolution to 50%, and include all non-tax revenues in the divisible pool. He highlighted Karnataka’s substantial revenue contributions and requested greater financial support to address regional imbalances and development needs.
Read more
July 10, 2024, 05:09 PM - 2 min read
The advisory council's mandate includes broadening the Commission's ambit by integrating national and international best practices on fiscal devolution and enhancing the quality, reach, and enforcement of its recommendations. The council will also provide advice on any of the ToR or related subjects of relevance, assist in the preparation of research papers, and monitor or assess studies commissioned by the Finance Commission to deepen its understanding of relevant issues.
Read more
February 20, 2024, 01:00 PM - 2 min read
The announcement of Rajadhyaksha's resignation comes in the wake of the commission's inaugural meeting held on February 14 in New Delhi, where all members were present. In a statement following the meeting, the commission highlighted the necessity for extensive consultations with various stakeholders, including states, local bodies, ministries, and experts.
Read more
February 15, 2024, 12:03 PM - 2 min read
The Terms of Reference, approved by the cabinet comprises of pivotal aspects such as the equitable distribution of net tax proceeds between the Union and states, the allocation of respective shares among states and the guiding principles governing grants-in-aid from the Consolidated Fund of India to states.
Read more