As 16th Finance Commission visits Maharashtra, state also suggested introducing 2 new criteria to decide fund devolution—states' work on sustainability & contribution to GDP.
Presently, India shares 42% of federal taxes with states. Next Finance Commission will submit its report by October 2025 and its recommendations will be implemented from fiscal yr 2026-27.
The allocation ratio formula that the Finance Commission devised is extremely skewed. Nearly 75 per cent of the weightage, in the ultimate analysis, goes toward population.
The decision to opt out of the big RCEP trade deal may eventually have been out of lack of choice, but it is silly to pretend it is a sign of bold leadership.
If this argument of south-vs-north is followed through, a direct corollary would be to also oppose money flows from Bengaluru to Bidar or from Whitefield to south Bengaluru.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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