https://www.taxtmi.com/news?id=15685 The 14th Finance Commission increased untied fiscal transfers to the eight North Eastern States by raising their share of central tax devolution and recommending separate grant in aid packages. Grants include revenue deficit support to assessed deficit States, funding for local bodies, and central contribution to state disaster relief funds. The Commission based allocations on region specific fiscal disabilities-low revenue capacity, forest cover, difficult terrain, remoteness and infrastructure deficits-and the combined transfers and special-purpose funding aim to improve predictability and the quantum of resources available for development. en-us Wed, 24 Feb 2016 15:39:32 +0530 Wed, 24 Feb 2016 15:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15685 The 14th Finance Commission increased untied fiscal transfers to the eight North Eastern States by raising their share of central tax devolution and recommending separate grant in aid packages. Grants include revenue deficit support to assessed deficit States, funding for local bodies, and central contribution to state disaster relief funds. The Commission based allocations on region specific fiscal disabilities-low revenue capacity, forest cover, difficult terrain, remoteness and infrastructure deficits-and the combined transfers and special-purpose funding aim to improve predictability and the quantum of resources available for development. News - Wed, 24 Feb 2016 15:39:32 +0530 https://www.taxtmi.com/news?id=15685