tax devolution

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    Karnataka's Fiscal Stability: CM Counters BJP's 'Bankrupt' Allegations

    Bangalore, March 31 Karnataka Chief Minister Siddaramaiah criticised BJP state president B Y Vijayendra’s demand for a “white paper” on the state’s finances, calling it a reflection of his poor understanding of economics and political maturity.He stated that the allegation that the state is...
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    Fiscal Concerns Raised: Ashoka Criticizes Karnataka Budget's Borrowing Practices

    Bengaluru, March 25 – Leader of the Opposition R. Ashoka launched a sharp attack on Chief Minister Siddaramaiah on Wednesday, alleging that the state has been trapped in a cycle of borrowing to repay existing debt and describing the 2026–27 Budget as a "borrowing budget".Speaking in the...
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    State Reforms and MSME Growth: Arunachal’s Path Forward

    Itanagar, March 12 Arunachal Pradesh Chief Minister Pema Khandu said on Thursday that the state must accelerate governance reforms, improve resource mobilization, and encourage investment, especially in the MSME sector, to offset the financial impact of the reduced central tax devolution...
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    GST Rationalization Threatens Karnataka’s Finances, CM Siddaramaiah Says

    Bengaluru, March 6 – Karnataka Chief Minister Siddaramaiah stated on Friday that the Central Government’s rationalization of Goods and Services Tax (GST) rates has negatively impacted the state’s revenue collection, leading to a significant shortfall in the current fiscal year.Presenting the...
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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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    Reforms and Relief: Key Focus of Maharashtra's Upcoming Budget

    Mumbai, March 6 Amid a record-breaking debt of Rs 9.32 lakh crore and the ambitious goal to reach a one trillion dollar economy by 2030 and five trillion dollar under the Maharashtra 2047 mission, Maharashtra Chief Minister Devendra Fadnavis, who holds the planning and finance departments, will...
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    Union Minister Nadda Accuses TMC of Infiltration and Welfare Scheme Blockage

    Krishnanagar (WB), March 1 Accusing the Mamata Banerjee government in West Bengal of providing "shelter" to infiltrators, Union minister JP Nadda on Sunday claimed that the state's original inhabitants would become a minority if the trend continued.Addressing a rally in Krishnanagar in Nadia...
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    Fadnavis Announces 2026-27 Budget Prioritizing Relief and Fiscal Discipline

    Mumbai, February 22 – Maharashtra Chief Minister Devendra Fadnavis said on Sunday that the state government will present a budget that aims to provide relief to the common man while maintaining fiscal discipline, adding that the preparations made by the late Deputy Chief Minister Ajit Pawar...
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    Himanta Biswa Sarma Highlights Economic Gains and Census Concerns in Assam

    Guwahati, Feb 19 – Chief Minister Himanta Biswa Sarma on Thursday accused the Congress of allowing encroachment on nearly 10 lakh acres of forest land across the state during its rule, claiming that the Assamese community will become “almost” a minority in the 2027 Census.Sarma also said that...
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    Assam's Economic Progress: Increased Tax Devolution and Growth

    Guwahati, February 19 Assam Chief Minister Himanta Biswa Sarma stated on Thursday that the state will, for the first time in its history, be able to pay salaries and pension bills entirely from its own tax devolution in the 2026-27 fiscal year.During the Motion of Thanks on the Governor's...
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    Assam Development: PM Modi Inaugurates Key Connectivity Projects

    Prime Minister Narendra Modi inaugurated and launched several development projects worth more than 5,450 crore rupees in Assam today. In Guwahati, he inaugurated the Kumar Bhaskar Varma Bridge across the Brahmaputra River, connecting Guwahati and North Guwahati, which was built at a cost of...
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    Disagreement Over RDG Funding Sparks Political Fallout in Himachal Pradesh

    Shimla, Feb 13 – The BJP delegation walked out of a meeting called in Himachal Pradesh to discuss the discontinuation of Revenue Deficit Grants and its impact on the state's economy, claiming that the Congress government was pursuing a political agenda and blaming the Centre.Revenue Deficit...
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    Gadkari Highlights Financial Support for Maharashtra in New Budget

    Nagpur, February 9 Maharashtra has received significant financial support in the Union Budget, with a provision of Rs 89,855.80 crore allocated for tax devolution to the state, said Union Minister for Road Transport and Highways Nitin Gadkari on Monday.Highlighting Maharashtra's share in...
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