Business News This Week
Business News: The Government of India has accepted the recommendations of the 13th Finance Commission headed by the former Finance Secretary Vijay Kelkar. The Finance Minister Pranab Mukherjee told media persons in the capital on Thursday that the government of India has accepted the recommendations of the Finance Commissions despite the strains.
The Commission has tabled its report in the Parliament. In the report the Commission recommended increase in the share of states in the Central Tax proceeds from 30. 5 per cent to 32 per cent. The Finance Minister has also added that the central government will reportedly grant additional Rs 3.19 lakh crores to states during the five-year period 2010-11 to 2014-15.
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