16th finance commission

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    State Government Streamlines Administration with Salary Adjustments

    Shimla, March 17 Cabinet ranks for advisors and top officials of state government commissions, corporations, and administrative bodies have been withdrawn in Himachal Pradesh, according to an official order.The Himachal Pradesh government has also deferred payment of 20 per cent of their...
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    State’s Economic Resilience and Trade Policy: Siddaramaiah’s Perspective

    On March 6, Chief Minister Siddaramaiah stated that it is crucial for the Centre to consider the perspectives of globally integrated states like Karnataka when formulating trade policies, given recent developments related to tariff measures and evolving trade arrangements.Presenting the...
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    State's Fiscal Outlook: Growth, Debt, and Revenue Estimates

    Mumbai, March 5 – Maharashtra's economy is projected to grow by 7.9 per cent in 2025-26, compared to India's growth rate of 7.6 per cent, primarily due to record collections of Goods and Services Tax (GST) and favorable market conditions.Maharashtra continues to be the engine of the country's...
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    State Faces 15% Fiscal Shortfall Following Revenue Deficit Grant Cancellation

    Shimla, March 3 – Himachal Pradesh is facing a fiscal gap of nearly 15 per cent following the withdrawal of the Revenue Deficit Grant (RDG), according to Naresh Chauhan, Principal Media Advisor to the Chief Minister, on Tuesday.He stated that the withdrawal of the RDG directly affected almost...
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    Himachal CM Requests Financial Package Amidst RDG Discontinuation

    New Delhi, March 2 Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu met with Union Finance Minister Nirmala Sitharaman here on Monday and requested a financial package under special central assistance to cover the revenue deficit for the 2026-27 fiscal year.This development comes nearly...
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    Revenue Sharing Debate: States Could Keep Tax Revenue from Diversified Farms

    Hyderabad, February 26 Economist Montek Singh Ahluwalia has opined that state governments can tax large agricultural farms that are diversifying and generating high income levels, to strengthen their finances.Speaking at a conference on the 16th Finance Commission report on Wednesday, the...
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    Revenue Deficit Grant Dispute: Himachal CM Criticizes BJP's Approach

    Shimla, February 24 Despite receiving the highest amount of Revenue Deficit Grant (RDG), the previous BJP-led government in Himachal Pradesh did not reduce its debt and liabilities, Chief Minister Sukhvinder Singh Sukhu said on Tuesday, accusing the saffron party of "playing politics" over the...
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    BJP's Shifting Position on Himachal Pradesh Funding Draws Criticism

    Shimla, February 19 Two Himachal Pradesh ministers on Thursday criticized Leader of the Opposition Jai Ram Thakur over the discontinuation of the Revenue Deficit Grant and said the BJP's real stance on the issue has now been exposed to the people of the state.In a joint statement, Industries...
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    Himachal Pradesh Sees Five-Fold Increase in Central Financial Aid Under Modi Government

    Shimla, February 19 Himachal Pradesh has received substantial financial support from the Centre since the Congress came to power in 2022, yet it continues to criticize it and the Prime Minister to divert public attention, Leader of Opposition Jairam Thakur said on Thursday.Addressing reporters...
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    Tamil Nadu’s Interim Budget: Focus on Key Schemes Amid Union Government Concerns

    Chennai, February 17 – Tamil Nadu Finance Minister Thangam Thenarasu presented the interim budget (2026-27) of ₹2.55 lakh crore for the state, which will go to polls, allocating ₹4,000 crore for the DMK’s flagship scheme of free bus travel for women.Out of the ₹2,55,391 crore allocated for...
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    Interim Budget: Tamil Nadu Allocates Funds, Raises Concerns Over Union Policies

    Chennai, February 17 Tamil Nadu Finance Minister Thangam Thenarasu presented the Interim Budget for 2026-27 in the state Assembly on Tuesday and allocated Rs 4,000 crore for the fare-free bus travel scheme for women, and made allocations towards all other flagship schemes of the DMK government...
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    Himachal Assembly Debates Discontinuation of Revenue Deficit Grant

    Shimla, February 16 The debate on discontinuing the Revenue Deficit Grant in the Himachal Pradesh assembly led to a heated exchange on Monday, with the ruling Congress asserting that the issue goes beyond parties, but impacts the interests of 75 lakh people in the state.The opposition...
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    Himachal Budget Session: Governor Omits Key Sections on Finance Commission

    Shimla, February 16 – Himachal Pradesh Governor Shiv Pratap Shukla surprised legislators on the opening day of the Budget Session by delivering his customary address, which was 50 pages long, in just a couple of minutes here, skipping sections related to the 16th Finance Commission.Political...
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    Budget Session: Governor's Address Focused on Revenue Deficit Grant Issues

    Shimla, February 16 In an unusual move, Himachal Pradesh Governor Shiv Pratap Shukla concluded his address to the state Legislative Assembly within two minutes on Monday, skipping a portion of the speech over what he termed as "comments on a constitutional institution".Speaking at the start of...
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    Himachal Vidhan Sabha Session Begins Amidst Revenue Deficit Concerns

    Shimla, February 15 Discussions on the discontinuation of the revenue deficit grant and its impact on the state economy are likely to dominate the three-day budget session of the Himachal Pradesh Vidhan Sabha, which will begin with the Governor's address on Monday.Addressing journalists here...
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