Shimla, Feb 19 (IANS) Himachal Pradesh’s former Chief Minister Jai Ram Thakur on Thursday said ever since the Congress government came to power in the state, it has regularly received substantial financial support from the Centre, but it keeps making serious remarks against the Centre, particularly the Prime Minister, in an attempt to divert public attention. He stated that the real issue is not whether the Revenue Deficit Grant (RDG) is mentioned in the Union Budget, but that even when th…
Latest 16th Finance Commission News & Updates
Shimla, Feb 16 (IANS) Himachal Pradesh Governor Shiv Pratap Shukla on Monday surprised legislators on the opening day of the Budget Session by finishing his 50-page customary address in just a couple of minutes here, skipping portions relating to the 16th Finance Commission.Political observers said the Governor sidestepped a politically sensitive issue regarding the discontinuation of the Revenue Deficit Grant (RDG) by the 16th Finance Commission, a crucial issue impacting small and hill states….
Mumbai, Feb 14 (IANS) Sustained fiscal commitment has driven rural transformation, with rural development budget allocations rising over 211 per cent in a decade to Rs 2.73 lakh crore in 2026-27, according to an official statement.The poverty has declined significantly, with extreme poverty at 5.3 per cent in 2022-23 less than the global average and multidimensional poverty down to 11.28 per cent in 2023 from 55.3 per cent in 2005–06, the statement said.Rural connectivity is near‑universal, …
Shimla, Feb 8 (IANS) Union Minister for Culture and Tourism Gajendra Singh Shekhawat on Sunday clarified that Himachal Pradesh has significantly received higher Revenue Deficit Grant (RDG) in recent years compared to earlier cycles, but with a clear indication that states “must strengthen their own revenue systems and adopt fiscal discipline”. He said fiscal deficit “is fundamentally the gap between revenue and expenditure and cannot be addressed through political-blame shifting but throug…
Shimla, Feb 7 (IANS) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Saturday held discussions with legislators from Kullu, Mandi and Shimla districts on the second day of MLA priority meetings for 2026-27, with a focus on development priorities of the respective constituencies. The Chief Minister said that during the past three years, the government has generated Rs 26,683 crore in revenue from its own resources. He said the state earned a financial benefit of about Rs 401 crore from …
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…
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…