This year Jim Chalmers faces a similar moment of truth on managing the economy as his mentor Paul Keating did in the 1980s.

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

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

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 ...

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

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

The 16th finance commission's tax devolution formula drew mixed responses, with some states gaining higher shares while ...

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

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 year, Finance Minister Nirmala Sitharaman said on Sunday. She also said the ...

The Economy’s Mixed Signals: A Conversation with Dr. Matt Will ...

Sitharaman proposes lowering debt-to-GDP ratio to 55.6% by FY27. Budget highlights include CERs, tax devolution, and Buddhist ...