15th Finance Commission: FMs of 6 non-BJP rules states to meet Prez Kovind

Kerala, Andhra Pradesh, Karnataka, Delhi, Punjab, Puducherry and West Bengal have drafted a memorandum to President Ram Nath Kovind, seeking the following changes.....»»

Southern states allege that the shift will work against the states that have worked towards population control.....»»

Union government reportedly mandated the Commission in the ToR to base its decision for tax sharing and devolution of resources on the 2011 census as against the practice of using 1971 census.....»»

The finance ministers from the states met to discuss their concerns over the Terms of Reference of the 15th Finance Commission.....»»

The Finance Ministers conclave would push for the 2011 population weightage to remain at 10%.....»»

Sources said the council might be asked to do research and study on terms of reference.....»»

Officials who were part of the meeting said that the meeting was held keeping in mind the controversy regarding the ToRs.....»»

The meeting with the president was a culmination of weeks of deliberations between the finance ministers of non-Bharatiya Janata Party states since April.....»»

The U.S. Securities and Exchange Commission (SEC) on Monday said it would provide relief to smaller firms seeking to raise capital via online platforms to meet "urgent funding needs" due to the coronavirus-related disruption......»»

The European Commission is considering various steps to help member states with the economic impact of the coronavirus outbreak, including targeted waivers on state aid rules, an official of the EU executive said on Friday......»»

France and the United States agreed on Thursday how to press ahead with a global rewrite of cross-border tax rules for the digital era, French Finance Minister Bruno Le Maire said. Francesca Lynagh reports......»»

In a nearly 200-page opinion, judges largely sided with the Federal Communications Commission. But the ruling sets up a likely battle with the states over Internet regulation by finding that the FCC overstepped its authority......»»

In a nearly 200-page opinion, judges largely sided with the Federal Communications Commission. But the ruling sets up a likely battle with the states over Internet regulation by finding that the FCC overstepped its authority......»»

The United States International Trade Commission ruled Tuesday that Apple I.....»»

Since the 10th FC, the most important parameter in the horizontal devolution formula has been the income distance criterion.....»»

The apprehensions about the terms of reference of the 15th FC on the fairness and equity in the distribution of public resources for development are not unfounded.....»»

The Commission had recommended that states' share in divisible tax pool be raised to 42% between 2015 and 2020.....»»

Population issue is only one of the issues and it is to be seen along with the emigration of interstate population.....»»

The use of the 2011 Census for sharing resources would mean a decline in the flow of resources to these states.....»»

The FM's statement comes on a day when the finance ministers of Kerala, Karnataka, Andhra Pradesh and Puducherry met in Thiruvananthapuram and spoke out against the terms of reference.....»»