16th finance commission

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    Budget Details: Nagaland Faces Fiscal Challenge with Reduced Central Tax Revenue

    Kohima, March 26 – Chief Minister Neiphiu Rio of Nagaland presented a deficit budget of ₹337.04 crore for the financial year 2026-27 in the assembly, citing a sharp decrease in the state’s share of central taxes.Rio, who also holds the finance portfolio, described the budget as inclusive and...
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    Tamil Nadu Interim Budget 2026-27: Rs 4,000 Crore for Free Bus Travel Scheme, Fiscal Deficit Targeted at 3% of GSDP

    Tamil Nadu Interim Budget 2026-27: Rs 4,000 Crore for Free Bus Travel Scheme, Fiscal Deficit Targeted at 3% of GSDP Chennai, February 17: Tamil Nadu Finance Minister Thangam Thenarasu on Tuesday presented the Interim Budget for 2026-27 in the state Assembly, allocating Rs 4,000 crore for the...
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    Himachal Pradesh Budget Session 2026: Revenue Deficit Grant Discontinuation to Dominate Vidhan Sabha Proceedings

    Three Day Budget Session Begins with Governor’s Address Shimla, February 15: Discussions on the discontinuation of the Revenue Deficit Grant and its impact on the state economy are set to dominate the three day budget session of the Himachal Pradesh Vidhan Sabha, beginning Monday with the...
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    India's Rural Economy: Increased Investment Fuels Poverty Reduction

    Mumbai, February 14 – Sustained fiscal commitment has driven rural transformation, with rural development budget allocations rising by over 211 per cent in a decade, reaching Rs 2.73 lakh crore in 2026-27, according to an official statement.Poverty has declined significantly, with extreme...
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