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New Delhi, Jun 7 (PTI) RBI Deputy Governor T Rabi Sankar has been appointed as a part-time member of the 16th Finance Commission, the finance ministry said on Saturday. The appointment, the ministry said, is consequent to the resignation of one of the full-time members, former finance secretary Ajay Narayan Jha, on personal grounds. "The President has appointed T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC)," the minist ...Read More >
Agartala, Jan 31 (VOICE) Tripura has 73 per cent reserve forest cover and absorb huge carbon from the atmosphere, Tripura Chief Minister Manik Saha said, adding that keeping this in mind, the state government has sought 20 per cent devolution of taxes in the forests and ecology category to the 16th Finance Commission, which is now visiting the state.The 16th Finance Commission headed by its Chairman Arvind Panagariya arrived in Tripura on Wednesday on a four-day visit to the state and held a ser ...Read More >
New Delhi, Jan 10 (PTI) The Centre on Friday released tax devolution of Rs 1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities. "A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures," the finance ministry said in a statement. The Union government has released tax devolution of Rs 1,73,030 crore to state governments on Friday, as against th ...Read More >
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