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SIXTEENTH FINANCE COMMISSION AND THE FEDERAL BALANCE Syllabus: GS-2: Centre-State Relations, Indian Constitution, Co-operative Federalism, Constitutional Bodies WHY IN THE NEWS? The Sixteenth Finance Commission submitted its recommendations for 2026–31, and the Union government accepted its proposals on tax devolution. Debates have emerged over whether States gained from the Commission’s decisions on vertical and horizontal …
Read MoreFISCAL FEDERALISM AND THE 16TH FINANCE COMMISSION SHIFT Syllabus: GS Paper – 2 Federalism Co-operative Federalism GS Paper -3 Mobilization of Resources WHY IN THE NEWS? The Sixteenth Finance Commission has recommended a revised framework for sharing India’s divisible tax pool for 2026–31, introducing efficiency-linked criteria and eliminating revenue-deficit grants. This marks a significant shift …
Read More₹95,000 CRORE SURPLUS LIKELY IN GST COMPENSATION FUND BY 2026 GST Council to Review Compensation Fund Surplus Surplus estimate: The GST Compensation Fund may have a ₹95,000 crore surplus by March 31, 2026. Liabilities cleared: This projection comes after clearing all state dues and debt liabilities incurred during the compensation period. Council review: The GST …
Read MoreSyllabus: GS-2: Centre-State Relations GS-3: Fiscal Policy , Government Budgeting Focus: Several states have urged the 16th Finance Commission to increase their share of the divisible tax pool, citing concerns over shrinking allocations due to cesses and surcharges. This demand raises critical issues of fiscal autonomy, inter-state inequality, and governance reforms at the state and …
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