Tag

• admin
• 41 percent tax share states centre state fiscal relations current affairs economy polity finance commission devolution fiscal federalism India southern states gain state finances India tax devolution India UPSC federalism vertical horizontal devolution
• 62
• 0

Tax Devolution Retained at 41%, South Gains

Tax 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 …

Read More