New Delhi, Feb 2 (IANS) The Central government has increased Karnataka’s share in central taxes to 4.131 per cent, said Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi, while dismissing allegations made by Congress leaders in the state.Speaking to the media in Delhi, Joshi said Karnataka’s tax share, which earlier stood at 3.647 per cent, has now been raised to 4.131 per cent. With this increase, the state will receive tax proceeds amounting to several thousan…
Latest Finance Commission News & Updates
New Delhi, Feb 1 (IANS) The Finance Commission has recommended that the fiscal deficits of states should stay within the 3 per cent of Gross State Domestic Product (GSDP) limit during the award period 2026–27 to 2030–31, and that they should not go in for off-budget borrowings to ensure financial stability. It also recommended that the Comptroller and Auditor General (CAG) include disclosures on off-budget borrowings in State Finance Accounts.The commission has highlighted inconsistencies in…
New Delhi, Feb 1 (IANS) Congress President Mallikarjun Kharge, on Sunday, criticised the Union Budget 2026-27 for reflecting the government’s lack of policy vision and failure to offer solutions to key socio-economic challenges, including jobs, manufacturing, private investment, infrastructure and social security. Pointing to “tariff risks and slowdown” in exports and trade, Kharge said Finance Minister Nirmala Sitharaman offered “no response to export slump, tariff risks, trade deficit, shrinki…
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…
New Delhi, Jan 27 (IANS) Himachal Pradesh Chief Minister Sukhvinder Sukhu on Tuesday called on Union Minister for Environment, Forest and Climate Change Bhupendra Yadav here and apprised him about the discrepancy registered in the actual tree cover of 29.5 per cent against the officially recorded 27.99 per cent. He said this arises due to the non-inclusion of trees outside the forest in the consolidated representation of the state’s forest and tree cover. He said the state also exercised stric…
Bengaluru, Jan 21 (IANS) To cover up its “zero-development administration”, a series of corruption scams and administrative failures, the Siddaramaiah-led Congress government is misusing the Governor’s speech as a political weapon, alleged Legislative Assembly Leader of Opposition R. Ashoka.In a press statement released on Wednesday, he said: “Governors are not spokespersons of the Congress government; they are protectors of the Constitution. By undermining their dignity, the Congress go…
Thiruvananthapuram, Jan 20 (IANS) Chief Minister Pinarayi Vijayan on Tuesday raised concerns over modifications made by Governor Rajendra Arlekar to the policy address delivered to the Kerala Assembly.Speaking after seeing off the Governor following his 112-minute-long speech, the CM said certain clauses in the Cabinet-approved address had been omitted or altered, and stressed that the official policy address approved by the Council of Ministers should remain the authoritative version.According …
New Delhi, Jan 17 (IANS) India’s real GDP growth in FY27 is expected to be in the range of 6–7 per cent, supported by domestic consumption, interest rate cuts, and public capital expenditure, according to a new report.For budgetary analysis, ICRA used the NSO’s ‘First Advance Estimates’ of nominal GDP of Rs 357.1 trillion for FY26, reflecting a growth of 8.0 per cent, and its own estimate of Rs 392.0 trillion for FY27, implying nominal GDP growth of around 9.8 per cent.The rating agenc…
Thiruvananthapuram, Jan 12 (IANS) Kerala Chief Minister Pinarayi Vijayan on Monday hit back at Union Home Minister Amit Shah’s claim that the state received increased central funds under the PM Narendra Modi’s government, asserting that Finance Commission transfers are a constitutional right of states and not an act of generosity by the Centre.Vijayan made the remarks while inaugurating a day-long protest by the Left Democratic Front, held along with Cabinet ministers, against what he termed t…