Budget 2021: Municipalities may obtain up to Rs 2 lakh cr Centre funding
This should significantly improve the financial health of those local bodies, many of them aiming to raise bonds. Asia’s richest civic body, Brihanmumbai Municipal Corporation, is planning to raise up to Rs 4,000 crore, the Times of India reported on January 25.
Air Quality Commission to seek 5% GST for natural gas
In a meeting held on January 20, the CAQM decided that such a move was essential, as it...
Joe Biden names Indian-American Rohit Chopra to helm consumer finance body
US President-elect Joe Biden on Monday named Indian-American Rohit...
EU needs "masterplan" to grab euro finance from London
He was speaking ahead of Wednesday's publication of a European Commission paper on promoting the global role of the euro which sets out ways to rely less on the City of London, Europe's biggest financial centre, after Brexit.
Harsh Vardhan seeks keen oversight of state health ministers in Covid-19 vaccine dry run
The drill will be held at three session sites of 736 districts across 33 states and union territories, the health ministry said in a statement. Vardhan interacted with the health ministers and principal secretaries and additional chief secretaries through video conference to review the preparedness for the mock drill.
Plan afoot to serve breakfast along with mid-day meal
The idea is to present this before the Cabinet ahead of the Budget session, so that it can be implemented from this academic session. This comes at a time when the National Family Health survey has reported an alarming drop in the nutritional level of children over the past five years—2015 to 2019.
Finance Ministry grants Rs 1,004 crore additional financial assistance to Andhra, MP
The two states have completed the One Nation, One Ration Card Reforms, Ease of Doing Business Reforms, and Urban Local Bodies Reforms, Ministry of Finance said in a statement on Wednesday.
IFSCA becomes member of International Organization of Securities Commissions
The International Organization of Securities Commissions (IOSCO) works closely with the G20 and the Financial Stability Board in setting up the standards for strengthening the securities markets, IFSCA said.
How to play this classic bull cycle? Try these 3 finance stocks
Rather than focusing too much on some small corrections which will come in the way, it is very important to focus on what kind of upside we can see over the next two-three years, says Hemang Jani
Need to revisit Seventh Schedule of Constitution: N K Singh
Singh said the Commission on Centre-State Relations, headed by Justice M M Punchhi, had in 2010 recommended that there should be a consultation process between the Union and states via an Interstate Council for legislation on concurrent subjects.
15th Finance Commission submits report to Finance Minister Nirmala Sithatraman
The report titled ‘Finance Commission in Covid Times’, will be laid on the table in the House of Parliament by the finance minister along with an action taken report, as per the Constitutionally mandated procedure.
States eye early tabling of 15th Finance Commission’s report in Parliament
In recent years, the Centre has opted to table the report a day before the Budget. In fact, the Narendra Modi government went a step further and tabled the 15th Finance Commission’s first report and the Action Taken Report (ATR) along with the Budget on February 1.
15th Finance Commission submits report to Prime Minister
The 15th Finance Commission submitted two reports - the first report consisted of recommendations for the financial year 2020-21 and the final report with recommendations for 2021-26.
View: States wait for a larger slice in the 15th Finance Commission
States have also opposed the creation of a non-lapsable defence fund from the gross tax collections by the Centre, saying it would shrink the divisible pool and could set a precedent to address similar committed expenditure. Their view that devolved taxes are the states’ right, not a favour bestowed by the Centre, is legitimate.
15th Finance Commission on course to finalise report by end of this month
The Commission's Chairman N K Singh along with its members on Wednesday held a virtual meeting with the Chairmen of two previous Finance Commissions -- C Rangarajan and Vijay Kelkar -- respectively.