Finance Commission of India holds third consultation with economists in Chennai, challenges in making projections for the award period discussed https://www.taxtmi.com/news?id=20502 The Finance Commission's consultation sought to refine assumptions and variables for preparing fiscal projections for the award period, notably methods to estimate nominal GDP, the impact of inflation on real GDP growth, and key projection risks. The meeting also addressed how institutional changes and policy issues-including climate change adaptation, inter-district disparities, fund-flow imbalances between rural and urban local bodies, and the effects of Centrally Sponsored Schemes and GST-should inform vertical devolution and allocation frameworks. en-us Thu, 06 Sep 2018 09:51:43 +0530 Thu, 06 Sep 2018 09:51:43 +0530 TaxTMI RSS Generator Finance Commission of India holds third consultation with economists in Chennai, challenges in making projections for the award period discussed https://www.taxtmi.com/news?id=20502 The Finance Commission's consultation sought to refine assumptions and variables for preparing fiscal projections for the award period, notably methods to estimate nominal GDP, the impact of inflation on real GDP growth, and key projection risks. The meeting also addressed how institutional changes and policy issues-including climate change adaptation, inter-district disparities, fund-flow imbalances between rural and urban local bodies, and the effects of Centrally Sponsored Schemes and GST-should inform vertical devolution and allocation frameworks. News - Thu, 06 Sep 2018 09:51:43 +0530 https://www.taxtmi.com/news?id=20502