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New Delhi: Finance Commission Chairman Arvind Panagariya in an affirmation to the idea of ‘One Nation, One Election’ explained that frequent elections do not give enough opportunities to the government to carry out reforms. NK Singh, the former Chairman of the Finance Commission, also supported ‘One Nation, One Election’ as a key area of economic…
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Kerala Finance Minister K.N. Balagopal (file) | Photo Credit: S. MAHINSHA Centre-State financial relations, grievances regarding cuts in allocation and the need for a united front to secure a fair share in the 16th Finance Commission will take centre stage in Thiruvananthapuram on Thursday (September 12, 2024) at a one-day conclave to be attended by…
In the run-up to the Union Budget, Nitish Kumar and Chandrababu Naidu, the Chief Ministers of Bihar and Andhra Pradesh, respectively, who are in a position to decide the political fate of the National Democratic Alliance (NDA) government at the Centre, have demanded special financial packages for their respective States. These packages could potentially increase…
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T.V. Somanathan, Finance Secretary. File. | Photo Credit: KAMAL NARANG The government is expected to constitute the 16th Finance Commission by end of November, Finance Secretary T V Somanathan said. Finance Commission is a constitutional body that gives suggestions on Centre-State financial relations. It suggests, among other things, the ratio in which tax is to…
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