-Livemint.com Pronab Sen, director IGC India, speaks about the state of the economy, the challenge before the 15th Finance Commission and the controversy surrounding India’s statistical system NEW DELHI: Pronab Sen, country director of the International Growth Centre (IGC), had a long and distinguished career in the government as the principal adviser in the Planning Commission, the first chief statistician of India as well as the chairman of the National Statistical Commission....

-Business Standard Serious inconsistencies in data make revenue projection problematic States will need to be compensated for their revenue shortfall under goods and services tax (GST) even after 2022 — the sunset year for compensation under the law — because of slow revenue growth, a report commissioned by the 15th Finance Commission (FC) has noted. It shows that states would require compensation of at least Rs 1.67 trillion in 2024-25, because none of...

-Newsclick.in The Modi Government’s sudden modification of the terms of reference via a presidential order on July 29 is an attempt to squeeze the revenue share of states, say Opposition leaders. New Delhi: The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP...

-The Hindu Former PM Manmohan Singh says change undermines federal polity New Delhi: Former Prime Minister Manmohan Singh on Saturday remarked that the Centre ought to have consulted the State governments before introducing additional terms of reference for the 15th Finance Commission seeking to create separate funds for Defence and Internal Security. Asserting that unilateralism was not good for a federal polity and cooperative federalism, Mr. Singh said the best course would have...

-PTI Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security. New Delhi: Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers' views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and...