Finance Commission

Centre releases ₹1.39 lakh crore to States

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The Authorities on Monday launched over ₹1.39 lakh crore to the States beneath the devolution mechanism. Based mostly on the Finance Fee’s formulation, 41 per cent of the Centre’s tax income is given to the States via the devolution mechanism. Uttar Pradesh bought the best share with greater than ₹25,000 crore, adopted by Bihar (₹14,000 … Read more

Cupboard approves three Joint Secretary stage posts for Finance Fee

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Union Cupboard on Thursday authorized the creation of three senior official stage posts for the sixteenth Finance Fee. In an announcement, the federal government mentioned that the Cupboard authorized the creation of three posts on the stage of Joint Secretary i.e. two posts of Joint Secretary and one put up of Financial Adviser. “The newly … Read more