The cabinet has approved three new positions, consisting of two Joint Secretary posts and one Economic Adviser post, according to a government statement. These positions were created to support the operations of the commission, as all other roles have already been established under delegated powers. Earlier, on November 29, the Cabinet approved the terms of reference for the 16th Finance Commission. This commission will determine the allocation of tax revenue between the central government and the states, as well as among the states. The commission’s recommendations, set to be announced later, will be applicable for a five-year period from April 1, 2026. The terms of reference will cover the allocation of tax revenue between the central government and the states, the distribution of this revenue among the states, principles, grants-in-aid, state revenues, and measures to enhance the resources of local self-governments. The 15th Finance Commission, chaired by NK Singh, was constituted on November 27, 2017, and presented recommendations for a six-year period commencing from April 1, 2020, which will remain valid until the fiscal year 2025-26.
Julian Assange Freed From UK Prison
Julian Assange, the controversial founder of WikiLeaks, has concluded a prolonged legal battle by leaving the UK after striking a...
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