Gandhinagar, Feb 5 (IANS) Gujarat is set to gain significantly from the Union Budget 2026-27, which focuses on advancing economic growth, enhancing infrastructure, and promoting inclusive development, Chief Minister Bhupendra Patel said on Thursday. Addressing a press conference, Patel described the budget as a “strong foundation for building a developed India” under Prime Minister Narendra Modi’s leadership.He highlighted that the budget is guided by three core priorities: boosting sustai…
Latest 16th Finance Commission News & Updates
New Delhi, Feb 3 (IANS) The 16th Finance Commission’s (FC) recommendations represent a decisive shift towards incentivising economic efficiency, strengthening local governance, improving fiscal transparency and reinforcing debt sustainability, while continuing to support higher capital spending by states, a report showed on Tuesday.The 16th FC retained the vertical devolution of Union taxes to states at 41 per cent of the divisible pool for FY2027–FY2031, in line with the 15th Finance Commis…
Bengaluru, Feb 2 (IANS) R Ashoka, the Leader of Opposition in Karnataka Assembly on Monday stated that the Union Budget 2026–27 has delivered a massive boost to Bengaluru’s infrastructure and mobility and rejected Opposition’s claims that the Southern state was deprived of its share of outlays and projects. Senior BJP leader said that the Union Budget 2026-27 has reaffirmed Modi government’s strong commitment to the city’s growth and future and EaseOfLiving of Bengaluru residents.””With …
Shimla, Feb 1 (IANS) Expressing disappointment over the Union Budget 2026-27, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday described it as an anti-poor and anti-farmer budget and said “it ignores the interests of key sections of society”. Describing it as inequitable, the Chief Minister said Finance Minister Nirmala Sitharaman has completely overlooked the concerns and priorities of the state. He raised concerns regarding the recently tabled 16th Finance Commission (FC-XV…
Chandigarh, Feb 1 (IANS) BJP Punjab President Sunil Jakhar on Sunday said the Union Budget is focused on the poor, labourers, farmers, women, youth, and backward classes, and will prove to be a milestone in fulfilling the resolve of making India a developed nation by 2047.While responding to the Budget, Jakhar said, “It is inspired by Prime Minister Narendra Modi’s policy of Sabka Saath, Sabka Vikas.”He said Union Finance Minister Nirmala Sitharaman emphasised that every section of society is ta…
Bengaluru, Jan 30 (IANS) Karnataka government has placed its legitimate and constitutionally grounded demands before the 16th Finance Commission, seeking justice in tax devolution and fiscal federalism, stated Chief Minister Siddaramaiah. The government has also released posters in this regard and launched a campaign seeking justice for the state.Siddaramaiah stated, “Through this campaign – ‘JUSTICE FOR KARNATAKA, FAIR SHARE, STRONG FEDERALISM’ – the Government has released nine posters, ea…
Bengaluru, Jan 21 (IANS) The uncertainty over the Governor’s customary address to the joint session of the Karnataka Legislature continued, with Governor Thawarchand Gehlot asking the state government to remove 11 paragraphs from the speech prepared by the state Cabinet. The delegation that met the Governor conveyed that the matter would be discussed with the Chief Minister, and a decision would be communicated to him.The joint session is scheduled to be held on January 22. A delegation headed…
New Delhi, Jan 17 (IANS) The Department of Economic Affairs (DEA), through policies across macroeconomics, capital markets, infrastructure, digital finance and investor protection and empowerment, has strengthened economic fundamentals and positioned India for sustained future growth, according to the government.For example, DEA guided India’s economic management, fiscal strategy, and financial sector coordination, while implementing reforms to support growth, stability, investment, and global…
Bengaluru, Dec 27 (IANS) Just as farm laws were repealed, the VB- G RAM G Bill, passed in the Parliament, aimed to weaken the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), too, will be withdrawn, stated the Karnataka government. Addressing a press conference on Saturday, Minister for Rural Development and Panchayat Raj, IT and BT Priyank Kharge made the statement in this regard.Criticising the Centre, he said, “Just as the farm laws were repealed, this too will be withdrawn. …