Total tax revenue includes Kerala’s eligible tax share from tax collected by Centre, says finance minister. Compared to Kerala, UP gets Rs 46 out of Rs 100 from the Centre, he adds.
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 transfer is a part of monthly shifting of federal taxes to states, but was higher than the normal monthly devolution amount of 591.40 billion rupees, the govt said.
Bengaluru, Hyderabad, and Gurugram add to the wealth of their states. It's crucial to look at district data because the 15th Finance Commission's calculation ignores intra-state inequality.
T.V. Somanathan argued that supposed progressive nature of direct taxes in old regime doesn’t hold because lower-income households can’t meet full exemption limits while rich easily can.
The top 1% male property owners supported the saving or salvation of Athens –called soteria– by performing a special kind of public service called leitourgia.
The Agra Municipal Corporation has also served a notice for over Rs 5 crore on the Agra Fort. ASI has been told to clear the outstanding dues within 15 days.
RTI application was filed by Padmanabha Reddy, secretary of the Hyderabad-based think tank Forum for Good Governance, with Greater Hyderabad Municipal Corporation.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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