Currently, 41% of taxes collected by the Centre is devolved in installments among states during a fiscal year.

The money released will help finance states’ development and welfare-related expenditures, the Centre has said ...

The National Assembly Joint Committees on Appropriations and the Presidential Economic Team have agreed that the economic ...

The National Assembly has appraised the performance of the 2024 Budget and passed a damning verdict: there were huge ...

Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity ...

India's federal government said on Friday it has released 1.73 trillion rupees ($20.13 billion) as tax devolution to states to boost capital spending, fund development and welfare expenditure.

The government may fall short of its capital expenditure (capex) target for the financial year 2025, according to a report by ...