https://www.taxtmi.com/news?id=15671 The Government affirms commitment to cooperative federalism by expanding State fiscal space through the Fourteenth Finance Commission's higher tax devolution and a compositional shift toward more untied grants. Centrally Sponsored Schemes have been restructured to grant States greater flexibility while preserving core scheme and special category sharing patterns. Transfers to elected local bodies, revenue deficit grants and disaster relief funding have been increased, producing greater predictability, improved quality of Central expenditure and stronger capital formation, with consensus driven implementation guided by a NITI Aayog committee. en-us Mon, 22 Feb 2016 12:00:23 +0530 Mon, 22 Feb 2016 12:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15671 The Government affirms commitment to cooperative federalism by expanding State fiscal space through the Fourteenth Finance Commission's higher tax devolution and a compositional shift toward more untied grants. Centrally Sponsored Schemes have been restructured to grant States greater flexibility while preserving core scheme and special category sharing patterns. Transfers to elected local bodies, revenue deficit grants and disaster relief funding have been increased, producing greater predictability, improved quality of Central expenditure and stronger capital formation, with consensus driven implementation guided by a NITI Aayog committee. News - Mon, 22 Feb 2016 12:00:23 +0530 https://www.taxtmi.com/news?id=15671