As India approaches the 8th Pay Commission, a significant salary increase of 30-34% is anticipated for government employees.

An email sent to the Ministry of Finance and the Finance Commission did not get any response. The share of taxes going to the state governments has jumped from 20% in 1980 to 41% now.

The 16th Finance Commission of India held a press conference in Gangtok today, where Dr. Arvind Panagariya, Chairman of the Commission spoke on the financial health and development of Sikkim.

India’s FM Nirmala Sitharaman discusses economic growth, GST reforms & financial devolution, aiming to maintain fastest-growing economy status.

Successive Finance Commissions (FCs) have aided the cause, no doubt, but the country’s vulnerabilities have also grown.

T he 16th Finance Commission of India on Monday applauded Uttarakhand for its fiscal management and efforts to increase income. Commission Chairman Dr Arvind Panagariya and other members, on a ...

The Sixteenth Finance Commission, led by Arvind Panagariya, set up a five-member Advisory Council aimed at expanding the scope of the Commission's work. This panel will be chaired by Poonam Gupta ...

Every five years, India sets up a Finance Commission to suggest the formula for sharing of taxes between the federal and state governments, and make recommendations on public finances.

The President of India constituted the 16th Finance Commission under Article 280 (1) of the Constitution to make recommendations on the distribution of net tax proceeds between the Union and the ...

The Sixteenth Finance Commission’s work coincides with significant shifts in global economic trends, which present a unique opportunity for India and Tamil Nadu ...

Dr. John Mathai served as India's Finance Minister from 1949 to 1950. He presented two budgets, with his second budget introducing the Planning Commission, which was crucial for India's planned ...