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Centre Defends States’ Tax Devolution Share Why in the News ? The Union Finance Minister clarified in the Lok Sabha that the Centre has fully transferred 41% of the divisible pool of taxes to States as recommended by the 15th Finance Commission, countering Opposition allegations regarding reduced fiscal devolution. Government’s Clarification on Tax Devolution: The …
Read MoreSIXTEENTH 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 …
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