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Searched Tag: finance commission
File photo of Nagaland Chief Minister Neiphiu Rio.

Nagaland seeks ₹40,000 crore grant to tackle capital deficit

November 6, 2024, 11:35 AM - 2 min read

Nagaland CM Neiphiu Rio has urged the 16th Finance Commission for a Rs 40,000 crore grant to cover capital deficits. This funding, Rio contends, is essential to ensure Nagaland’s economic self-sufficiency, bolstering development and advancing critical infrastructure projects.

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Centre releases first grant for Andhra, Rajasthan local bodies

Centre releases first grant for Andhra, Raj local bodies

October 12, 2024, 05:06 PM - 2 min read

Andhra Pradesh has received ₹395.50 crore in untied grants and ₹593.26 crore in tied grants, while Rajasthan has been allocated ₹507.11 crore in untied grants and ₹760.67 crore in tied grants for various essential local services.

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Arvind Panagariya, former Vice-Chairman of NITI Aayog and Professor at Columbia University, has been appointed as the Chairman of the commission.

India announces formation of sixteenth finance commission, to be headed by Arvind Panagariya

January 1, 2024, 01:35 PM - 2 min read

The announcement, made today, marks a crucial step in formulating fiscal policies that will impact the Union as well as the States. The Members of the Sixteenth Finance Commission will be notified separately, bringing together a diverse group of experts to deliberate on complex economic matters.

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