The Union Budget 2026-27 has proposed to retain states’ share in the divisible pool of central taxes at 41% for the 2026–31 period, in line with the recommendations of the constitutionally mandated Finance Commission, Finance Minister Nirmala Read More
The sixteenth Finance Commission recommended end of revenue deficit grant for the states, retaining state’s share in the divisible tax pool at 41% for the five-year period beginning April 1, 2026.It was of the view that Read More
New Delhi: The 16th Finance Commission’s recommendation to eliminate post-devolution revenue deficit grants will not have any implications on finances of states as only few of them were getting these grants and the total Read More