Finance commission

NEW DELHI: The Supreme Courton Wednesday orally observed that issues raised during the hearing of petition against freebies promised by political parties during polls is getting "increasingly complicated", and whether access to free…

The "freebie culture" has been elevated to the level of "art" for fighting elections and will lead to "disaster" if some political parties understand this is the only way to deliver public welfare measures, the Centre told the Supreme…

NEW DELHI: The Election Commission on Wednesday supported the Supreme Court's decision to set up an expert committee to examine regulatory measures on freebies announced by political parties ahead of elections, but declined to be part of…

NEW DELHI: Terming as "serious" the promise of "irrational freebies" made by political parties during elections, the Supreme Courton Tuesday wondered why the Centre was hesitant about taking a stand on the issue. The court also asked…

Finance Minister Nirmala Sitharaman on Monday said the borrowing by state public sector undertakings or their special purpose vehicles (SPVs) will be considered as borrowing by the state government needing consent. Instances of borrowing…

The Centre has recently asked states to review excise duty on liquor and property tax, and merge autonomous bodies in order to reduce administrative costs, reported TOI. The decision to merge 112 (of 231 identified) autonomous bodies was…

NEW DELHI: The Centre has suggested that states periodically revise excise duty on liquor and property tax, rationalise schemes and wind up autonomous bodies to improve their finances. In a presentation to state chief secretaries last…

The Department of Expenditure, Finance Ministry on Wednesday released the 4th monthly installment of the Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states. The Fifteenth Finance Commission has recommended a…