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SIMPLER MINING-TAX MODEL CAN MEAN MORE REVENUE FOR STATES Syllabus: GS-2: Functions and responsibilities of Union and State GS-3: Economy and associated issues. Why in the News? The passage of the Mines and Minerals (Development and Regulation) Amendment Act, 2026 has renewed debate over taxation and revenue mobilisation in India’s mining sector. The reform seeks …
Read MoreFiscal Federalism Debate Over States’ Share in Taxes Why in the News ? The Union government accepted the Sixteenth Finance Commission (FC16) recommendation retaining States’ share at 41% of the divisible tax pool. However, concerns have emerged as the divisible pool’s share in total tax revenues has declined, raising debates about Centre–State fiscal relations and …
Read MoreTax Devolution Retained at 41%, South Gains Why in the News? The Union government accepted the 16th Finance Commission’s recommendation to retain 41% tax devolution to States, while revising the horizontal distribution formula, resulting in a higher share for five southern States from 2026–27 onwards. This decision comes as the government also considers the implementation …
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