With the fiscal formula rejigged around GDP contribution, transparency and discipline, southern states gain ground while debt ...

Finance Commission kept tax devolution at 41%, added GDP contribution as a new criterion, dropped revenue deficit grants, and ...

In the past several months, both United States and Canadian business organizations have called for renewing the ...

Finance Commission recommendations are based on the three principles of equity, equalisation and efficiency. The last two FCs ...

Nirmala Sitharaman confirmed the government will keep a 41% tax devolution formula as per the 16th Finance Commission, ...

The sharing of the divisible pool of taxes between the Union government and states is a zero-sum game—if the Union gets even ...

The government has proposed to lower debt-to-GDP ratio to 55.6 per cent in FY27, from 56.1 per cent in the current fiscal ...

Large, population-heavy states also see reduced allocations. Uttar Pradesh loses Rs 4,884 crore, while West Bengal sees a cut ...

Southern States have raised legitimate concerns about unfair treatment in the sharing of the divisible pool of central taxes ...

BUDAPEST, Feb 6 (Reuters) - Hungary's budget deficit will be around 5% of the GDP this year and next year, Hungary's Prime ...

Presenting the Union Budget 2026–27, she said the Centre has allocated ₹5,000 crore for CITY Economic Regions (CERs) over ...

States shall continue to receive 41% of funds from the Union government’s divisible pool of taxes for the next five years, as ...