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SC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndian Coast Guard rescues 14 Indian crew from stranded vessel near AlibaugObama endorses Kamala Harris for PresidentI-T- Demand notice issued mechanically merits being quashed, where passed in ignorance of assessment order giving clean chit to assessee: HCIndia discovers Lithium Resources in Mandya and Yadgiri districts of KarnatakaIndia's installed Nuclear Power Capacity to triple by 2031-32: MoSGoyal sets USD 50 bn target for footwear industry to achieve by 2030Indian-origin German citizen nabbed with 6 kg of cocaine at IGI AirportAI-based SearchGPT to compete with Google: OpenAIBiden to attend QUAD meeting to be held in New Delhi this year
TIOL
FINANCE COMMISSION REPORT

Report of the Twelfth Finance Commission (2005-2010)

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Serial No.
Chapter
     Main Page

Cover Page
    1. Introduction  
    2. Issues and Approach  
    3. Trends in Central and State Finances
 
    4. Restructuring Public Finances  
    5.

Union Finances: Assessment of Revenue and Expenditure

  
    6.

State Finances: Assessment of Revenue and Expenditure

  
    7. Sharing of Union Tax Revenues  
    8. Local Bodies  
    9. Calamity Relief  
  10. Grants-in-aid to States  
  11. Fiscal Reform Facility  
  12.

Debt Position of States:
Relief and Corrective Measures

  
  13. Sharing of Profit Petroleum
 
  
  14. Institutional Changes and Reforms
 
  
  15. Concluding Observations
 
  
  16. Summary of Recommendations
 
  

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