Members of the 16th Finance Commission visited the Tirupati Municipal Corporation's integrated solid waste management plant to observe how waste is converted into monetisable material
In a series of posts on X, economic analyst Aravind Varier highlighted systemic drawbacks in the resource distribution criteria used by Finance Commissions since the 1970s
The Finance department said the amount accounted for only 30 per cent of the Central taxes as against 41 per cent as suggested by the 15th Finance Commission.
By Seela Subba Rao Most of the federal governments are vested with powers to raise tax revenues while the States are responsible for undertaking a large part of the public expenditures. The allocation of taxation powers vis-à-vis responsibilities per se creates an imbalance known as vertical imbalance. Further, the existence of vast regional disparities contributes […]
The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of states post devolution.
According to the CAG report, the fiscal deficit was 3.11% of GSDP in 2018-19 i.e. within 3.25% prescribed by the 14th Finance Commission and 3.5% target set out in MTFP Statement of the State
"The Centre has been reducing the rightful share of funds to Telangana State rather than providing more funds to the progressive State which has been contributing to the nation's development," he said
As per the 15th Finance Commission report for 2021-26, Telangana will receive Rs 1.09 lakh crore as its share of tax devolution and also grants-in-aid from the Central pool of Rs 52.41 lakh crore.
