The 15th Finance Commission on Sunday held meetings with representatives of Rajasthan’s Panchayati Raj institutions, urban development bodies, trade and industry, and economists as part of its consultation process for making recommendations for the 2020-25 period. According to an official release, the commission headed by chairman NK Singh along with its members and senior officials met with the representatives of …

The hue and cry last year over the ToR with regard to use of 2011 population, prompted PM Modi to announce that the Centre has suggested to the commission to “consider incentivising the states who have worked on population control.” The 15th Finance Commission (FC) may assign a lower weight to ‘population’ than 17.5% by the previous FC while giving …

The government had re-constituted the IL&FS board after the crisis surfaced. The parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the Infrastructure Leasing & Financial Services Ltd (IL&FS) default crisis. ET has reliably gathered that the panel, which will table its report in the matter on Wednesday, has …

Headed by former RBI Governor Y V Reddy, the 14th Finance Commission had recommended a record increase in the states’ share in the Union taxes. NEW DELHI: Finance Commission chairman N K Singh today said the panel will ascertain whether increasing the share of Union taxes to states to 42 per cent, along with rationalisation with Centrally Sponsored Schemes, has served its purpose. The …

Lucknow: The National Commission for Scheduled Castes (NCSC) has pointed to flaws in the reservation roster for appointment of teachers at Babasaheb Bhimrao Ambedkar University here. The commission found that vacancies in the reservation rosters, submitted by BBAU vice chancellor RC Sobti ‘prima facie’, were not in accordance with the prescribed format of the department of personnel and training (DoPT). In …