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Centre Freezes 41% Tax Share, Bets on ₹1.4 Lakh Crore Local Grants to Power Federal Push

The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February...

President Extends Tenure of 16th Finance Commission by One Month [Read Notification]

GST Refunds to Be Fast-Tracked for Firms Facing Inverted Duty Issues: CBIC Chairman Assures

Tax devolution - Tax devolution to states - Double tax devolution - Government tax allocation states - taxscan

Centre Releases Tax Devolution to States, UP gets Highest Share of Rs. 31,962 Crores

Finance Commission - Sixteenth Finance Commission - Economic Adviser Recruitment - SFC - TAXSCAN

16th Finance Commission invites applications for Economic Adviser Post: Know Pay Level and...

Central Govt appoints members of Sixteenth Finance Commission

The Central Government has recently appointed the members of the Sixteenth Finance Commission, established on December 31, 2023. The President of India has approved the appointment of the...

Central Govt appoints members - Sixteenth Finance Commission - taxscan

Cabinet approves Creation of Positions for 16th Finance Commission

Under the Chairmanship of Prime Minister Narendra Modi, the Union Cabinet has granted approval for the establishment of three key positions at the Joint Secretary level, comprising two Joint...

Cabinet approves Creation - 16th Finance Commission - TAXSCAN

Centre Blocks Fund worth Rs 600 Crores to Kerala citing Incomplete Financial Data

The Central Government blocked funds worth Rupees 600 crores to Kerala citing incomplete financial data. The Union Government Centre earlier released Rs 3774 crore to Kerala based on the 14th...

Centre Blocks- Fund - Kerala citing -Incomplete- Financial Data-TAXSCAN

Constitution of 16th Financial Commission not Delayed: FM Nirmala Sitharaman in Lok Sabha

The Union Finance Minister Nirmala Sitharaman stated in reply to a question raised in the Lok Sabha asking whether the Government is facing any problem regarding sharing of revenue among Centre and...

Constitution of 16th Financial Commission - Financial Commission - Finance Minister Nirmala Sitharaman - Nirmala Sitharaman - Lok Sabha - TAXSCAN

Cabinet approves Terms of Reference for 16th Finance Commission

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has granted approval for the Terms of Reference of the Sixteenth Finance Commission. These terms will be officially notified in the...

Cabinet - 16th Finance Commission - Finance Commission - taxscan

Sixteenth Finance Commission Poised to Scrutinize State GST Revenue Collections

The upcoming establishment of the Sixteenth Finance Commission is anticipated to involve a critical review of the revenue collections of states within the ambit of the Goods and Services Tax (GST),...

Finance Commissions and Local bodies should encourage Green buildings through Tax Incentives, says Vice President

The Vice President of India, Shri M. Venkaiah Naidu today appealed to the Finance Commissions and local bodies to encourage green buildings through various measures including tax incentives. He also...