The idea of a non-lapsable defence fund has been mooted by a Parliamentary Standing CommitteeThis, because defence procurement and acquisition involves long gestation periods and funds allocated for capital acquisition in a particular fiscal are returned if not exhausted in that year
3 min read6 Feb 2020Tax cuts, exemptions decided by Council affect FFC’s goal of optimizing revenue targets, says NK SinghSingh’s comments hint that the FFC’s suggestions could be more tight-fisted than states expect.
2 min read22 Nov 2019The group of states finance ministers decided to explore the possibilities of legal remedies to some of the clauses of ToR of 15th Finance Commission that are blatantly unconstitutional
1 min read18 May 2018The obligations of the centre in areas such as employment, education, food security, smart cities, have increased vastly. So the centre needs a bigger, not smaller, share of the national kitty
4 min read2 May 2018Most of the institutional architecture of Indian federalism is focused on relations between the Union government and the states, and there is far less space to settle inter-state frictions
3 min read30 Apr 2018Bandhan Bank founder and MD Chandra Shekhar Ghosh says no decision has yet been taken about Ashok Kumar Lahiri's successor
1 min read9 Apr 2018Kerala finance minister Thomas Isaac, in pre-budget demands submitted to Arun Jaitley, said using 2011 Census data without qualification would penalize states like Kerala
3 min read18 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared