Tag Archives: Commission

15th Finance Commission gets extension till October 2020

It will submit an interim report on November 30 Union Cabinet on Wednesday decided to extend the term of 15th Finance Commission by 11 months to October 30, 2020. This is the second extension. After the first one, the term was to end on November 30. The Commission will submit its interim report on Saturday, November 30, 2019. This will ... Read More »

15th Finance Commission seeks say in GST Council amid Centre-states row

The Centre and state governments seem to be on a collision course amid a sharp economic downturn that has eroded their financial positions. Fifteenth Finance Commission (FFC) chairman N.K. Singh on Friday sought a leverage with the Goods and Services Tax (GST) Council, arguing that tax rate cuts and grant of exemptions decided solely by the council affects the FFC’s goal of ... Read More »

Finance Commission weighing incentives for states for farm reforms

These are among a plethora of stifling rules and regulations that have long hampered India’s progress in agriculture and, in turn, dented its farm export prospects. (Representational image) Fifteenth Finance Commission chairman NK Singh on Wednesday said the panel was considering working out a model to incentivise those states that undertake credible reforms in agriculture by easing or removing damaging ... Read More »

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

There should be a mechanism by which GST Council and Finance Commission can coordinate: N.K. Singh

N. K. Singh, Chairman 15th Finance commission, at a press conference in Mumbai on September 19, 2018. File photo: Vivek Bendre The Fifteenth Finance Commission is up against unprecedented challenges. First, the Goods and Services Tax has introduced an element of uncertainty in the revenue projections of the Union and State governments. More importantly, the Terms of Reference notified for the ... Read More »

Govt proposes to replace UGC with new commission

The new Higher Education Commission of India Act is likely to be tabled in Parliament during the monsoon session. Photo: Mint New Delhi: The Union government on Wednesday unveiled the draft of a bill to replace higher education regulator University Grants Commission (UGC) with a Higher Education Commission. The new commission to be established through an Act will not have grant-making ... Read More »

15th Finance Commission Invites Public Suggestions By June 30

The 15th Finance Commission is supposed to submit its recommendations by October 30, 2019. NEW DELHI:  The 15th Finance Commission, set up to recommend the devolution of central pool taxes to states, as well as a fiscal consolidation roadmap for government finances, has invited suggestions from the public, according to the Union Finance Ministry on Thursday Headed by NK Singh, the ... Read More »

Zomato Now a Profitable Company, Introduces Zero Commission for Food Ordering in India

HIGHLIGHTS Zomato says it is now a profitable company is all of its markets The company says it now wants to work on giving back to the community In India, it has introduced zero commission for restaurants Restaurant search and review website Zomato is now a profitable company in all of the 24 markets it operates in, founder and CEO Deepinder Goyal ... Read More »