In what may come as a fiscal relief for the Centre, the Fifteenth Finance Commission (15th FC) may recommend a marginal cut in the states’ share of tax devolution, from the current 42 per cent, Business Standard has learnt. In addition, the capital expenditure (capex) components of the Centre’s allocation for defence and internal security could be sequestered from its overall tax revenues.
https://www.business-standard.com/article/economy-policy/15th-finance-commission-may-recommend-cut-in-states-tax-devolution-share-119081100696_1.html
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In what may come as a fiscal relief for the Centre, the Fifteenth Finance Commission (15th FC) may recommend a marginal cut in the states’ share of tax devolution, from the current 42 per cent, Business Standard has learnt. In addition, the capital expenditure (capex) components of the Centre’s allocation for defence and internal security could be sequestered from its overall tax revenues. https://www.business-standard.com/article/economy-policy/15th-finance-commission-may-recommend-cut-in-states-tax-devolution-share-119081100696_1.html
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