Hyderabad: The Telangana’s argument over the Central government’s poor and unfair tax devolution to States, especially those contributing to the national GDP in a big way, has found resonance in Tamil Nadu. Former union Minister A Raja on Sunday reportedly castigated the BJP government at the Centre for working against the federal spirit of the […]
Hyderabad: The TRS has condemned the unconstitutional practice being adopted by BJP-led Central Government in collection of taxes through Cess and demanded abolition of the practice. Moving a resolution to this effect during the TRS plenary here on Wednesday, Finance Minister T Harish Rao urged Chief Minister K Chandrashekhar Rao to spearhead an initiative taking […]
Hyderabad: Telangana will receive Rs 1,998.62 crore from the Centre towards tax devolution for the month of November. The funds are being released by the Union government as part of two instalments of tax devolution to States totalling to Rs 95,082 crore, as a step towards boosting investment in infrastructure sector. The two instalments were […]
The tax devolution to States was heavily impacted as there was a drop in revenue receipts of the Union government. Secondly, performing States have been penalized by the 15th Finance Commission through its unacceptable methodology.