https://www.taxtmi.com/news?id=20361 The Fifteenth Finance Commission affirmed its independence and, while acknowledging Jharkhand's development deficits and recent fiscal deterioration, recognised the need for sympathetic fiscal treatment that balances rewarding efficient resource use with compensating mining negative externalities and accounting for high tribal population, forest cover and ecological vulnerability; the State sought adjustments to vertical and horizontal devolution, replacement of revenue deficit grants by unconditional basic grants addressing 'development deficit', and further analysis of GST revenue uncertainties and UDAY bond issues. en-us Fri, 03 Aug 2018 09:56:02 +0530 Fri, 03 Aug 2018 09:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20361 The Fifteenth Finance Commission affirmed its independence and, while acknowledging Jharkhand's development deficits and recent fiscal deterioration, recognised the need for sympathetic fiscal treatment that balances rewarding efficient resource use with compensating mining negative externalities and accounting for high tribal population, forest cover and ecological vulnerability; the State sought adjustments to vertical and horizontal devolution, replacement of revenue deficit grants by unconditional basic grants addressing 'development deficit', and further analysis of GST revenue uncertainties and UDAY bond issues. News - Fri, 03 Aug 2018 09:56:02 +0530 https://www.taxtmi.com/news?id=20361