Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

As against share of 6.16% of total tax devolution during 13th Finance Commission award, North Eastern States now get 7.94% of total tax devolution under 14th Finance Commission (FFC) award

News and Press Release - Dated:- 24-2-2016 - Apart from estimated share in Central Taxes of ₹ 3,13,375 crore during 14th Finance Commission (FFC) award period, FFC also recommends grant-in-aid of ₹ 63,206 crore for North Eastern States. S .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

devolution of taxes, and ₹ 11,433 crore (i.e.89%) as FFC grants have been released to the 8 North Esatern States. For speedy development of North-eastern States, a ₹ 740 crore is budgeted this year for schemes approved by North Eastern Co .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e. North Eastern and hill States have several unique features that have a bearing on their fiscal resources and expenditure needs and on federal fiscal relations. Taking into account the disabilities arising from constraints unique to each State like .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

deficit etc. 14th Finance Commission (FFC) has arrived at expenditure requirements. In fact, apart from estimated share in Central Taxes of ₹ 3,13,375 crore during FFC award period, it has recommended grant-in-aid of ₹ 63,206 crore for NE .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e of 6.16% of total tax devolution during 13th FC award, NE States now get 7.94% of total tax devolution under FFC award. There is greater predictability and certainty now in the quantum of funds flowing to the States apart from the overall increase .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ow: S. No. State 2013-14 2014-15 2015-16 (BE) Increase over 2014-15 FC Tax Devolu-tion FC Grant Total FC Tax Devolu-tion FC Grant Total FC Tax Devolu-tion FC Grant Total 1 Arunachal Pradesh 1046 763 1809 1110 921 2031 7232 159 7391 5360 264% 2 Assam .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Nagaland 1001 1994 2996 1063 2023 3085 2614 3224 5838 2753 89% 7 Sikkim 763 258 1021 809 515 1325 1925 49 1974 649 49% 8 Tripura 1630 1071 2702 1730 1002 2732 3369 1175 4544 1812 66% Total 19613 8302 27915 20815 9257 30072 41564 12821 54385 24313 81 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

th of March 2016 and balance of grant-in-aid recommended by FFC. As recommended by the Committee under the Chief Minister, Madhya Pradesh (MP), sharing pattern of CSS for North Eastern States and other Himalayan States has been retained at 90:10 for .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version