Total transfer of funds to States is estimated to be at 8.36 lakh crore during 2015-16 (B.E.)as against 6.77 lakh crore during 2014-15 (RE) and 6.36 lakh crore during 2013-14;. 1,72,594 crore already allocated to States till January 2016 as part of Central share towards State plan/ Centrally Sponsored Schemes(CSS) under different sectors and programmes ; 4,11,681.66 crore (78.56%) released to the States by way of tax devolution

Total transfer of funds to States is estimated to be at 8.36 lakh crore during 2015-16 (B.E.)as against 6.77 lakh crore during 2014-15 (RE) and 6.36 lakh crore during 2013-14;. 1,72,594 crore already allocated to States till January 2016 as part of Central share towards State plan/ Centrally Sponsored Schemes(CSS) under different sectors and programmes ; 4,11,681.66 crore (78.56%) released to the States by way of tax devolution https://www.taxtmi.com/news?id=15672 The Fourteenth Finance Commission's increase of States' share in the divisible pool to 42% led to a significant rise in tax devolution implemented in the 2015 16 Union Budget, shifting transfer composition toward statutory, untied transfers and reducing discretionary central transfers; concurrently the Centre continued targeted FFC grants-revenue deficit grants, local body grants, and State Disaster Response Fund allocations-supplemented by National Disaster Response Fund releases and supplementary grants to meet calamity-related expenditures. en-us Mon, 22 Feb 2016 12:03:23 +0530 Mon, 22 Feb 2016 12:03:23 +0530 TaxTMI RSS Generator Total transfer of funds to States is estimated to be at 8.36 lakh crore during 2015-16 (B.E.)as against 6.77 lakh crore during 2014-15 (RE) and 6.36 lakh crore during 2013-14;. 1,72,594 crore already allocated to States till January 2016 as part of Central share towards State plan/ Centrally Sponsored Schemes(CSS) under different sectors and programmes ; 4,11,681.66 crore (78.56%) released to the States by way of tax devolution https://www.taxtmi.com/news?id=15672 The Fourteenth Finance Commission's increase of States' share in the divisible pool to 42% led to a significant rise in tax devolution implemented in the 2015 16 Union Budget, shifting transfer composition toward statutory, untied transfers and reducing discretionary central transfers; concurrently the Centre continued targeted FFC grants-revenue deficit grants, local body grants, and State Disaster Response Fund allocations-supplemented by National Disaster Response Fund releases and supplementary grants to meet calamity-related expenditures. News - Mon, 22 Feb 2016 12:03:23 +0530 https://www.taxtmi.com/news?id=15672