A business leader has warned that the region could lose out on multi-million-pound public funding opportunities and says ...

On February 1, while presenting the Budget for FY27 in the Lok Sabha, Finance Minister Nirmala Sitharaman also tabled the ...

States shall continue to receive 41% of funds from the Union government’s divisible pool of taxes for the next five years, as ...

Finance Commission retains states' devolution share at 41%, introducing GDP-based criteria for equitable fund distribution.

Tamil Nadu's marginal increase in fund devolution under the 16th Finance Commission offers little relief amid regional disparities.

Rs 49,725 crore has been budgeted towards tax devolution, while Rs 29,548 crore has been provided as grants-in-aid for FY 2025-26," it said. Since 2014, Assam has received around Rs 3.12 lakh crore ...

Accordingly, for the first time, this Commission decided to add the State’s contribution to GDP among its horizontal ...

With most states arguing that rising cess and surcharge collections have eroded the shareable tax pool, the Finance ...