https://www.taxtmi.com/news?id=20273 15th Finance Commission will ensure that performance is not penalised and that efficiency and equity are recognised in fiscal devolution, balancing recognition of state-level reforms and innovative financing against structural legacy issues such as a substantial debt overhang. The Commission noted low capital expenditure as a share of total expenditure and welcomed the state's assurance of increased capital outlay. It also recorded state proposals to include locational complexities and social backwardness in devolution criteria and requests for revenue deficit grants and infrastructure gap funding, and will continue consultations and field visits before finalising recommendations. en-us Wed, 18 Jul 2018 09:24:34 +0530 Wed, 18 Jul 2018 09:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20273 15th Finance Commission will ensure that performance is not penalised and that efficiency and equity are recognised in fiscal devolution, balancing recognition of state-level reforms and innovative financing against structural legacy issues such as a substantial debt overhang. The Commission noted low capital expenditure as a share of total expenditure and welcomed the state's assurance of increased capital outlay. It also recorded state proposals to include locational complexities and social backwardness in devolution criteria and requests for revenue deficit grants and infrastructure gap funding, and will continue consultations and field visits before finalising recommendations. News - Wed, 18 Jul 2018 09:24:34 +0530 https://www.taxtmi.com/news?id=20273