The Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, according to Pankaj Chaudhary, the Minister of State for Finance. As a response to a question in the Lok Sabha, he explained that there is no pending payment in terms of the amount that needs to be devolved to states from the Centre. The 15th Finance Commission has recommended that states be given 41 per cent of the pool of Centre’s divisible tax during the period of 2021-22 to 2025-26.
‘On the edge…’: What social media conversations reveal about the current market mood
Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions.
March 17, 2025