https://www.taxtmi.com/news?id=21319 The Finance Commission consulted with Ministry of Finance officials on macroeconomic trends and projections to guide vertical and horizontal devolution, reviewing GDP movements, direct and indirect tax forecasts, and medium term economic outlook. The Ministry presented comparative fiscal and resource forecasts for XIVFC versus XVFC, tax growth and buoyancy metrics, and expenditure classifications. Discussions included state fiscal impacts of UDAY and the 7th Pay Commission, rationalisation of Centrally Sponsored Schemes, GST issues, local body grants, and population data; the Commission awaits the Government's full memorandum. en-us Thu, 16 May 2019 12:32:09 +0530 Thu, 16 May 2019 12:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21319 The Finance Commission consulted with Ministry of Finance officials on macroeconomic trends and projections to guide vertical and horizontal devolution, reviewing GDP movements, direct and indirect tax forecasts, and medium term economic outlook. The Ministry presented comparative fiscal and resource forecasts for XIVFC versus XVFC, tax growth and buoyancy metrics, and expenditure classifications. Discussions included state fiscal impacts of UDAY and the 7th Pay Commission, rationalisation of Centrally Sponsored Schemes, GST issues, local body grants, and population data; the Commission awaits the Government's full memorandum. News - Thu, 16 May 2019 12:32:09 +0530 https://www.taxtmi.com/news?id=21319