While the Union Budget is keenly tracked by States to assess their share in overall Central tax devolution, it is becoming increasingly clear that this revenue stream no longer plays the stabilising ...

Finance Minister Nirmala Sitharaman announced on Sunday that the Centre has accepted the 16th Finance Commission’s recommendation to maintain the vertical devolution at 41 per cent. This tax-sharing ...

In India’s federal set up, devolution of funds ensures proper transfer of resources, from the central government to the states, and further down to local bodies. Article 280 of the Indian constitution ...

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The 16th Finance Commission has recommended retaining States' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026 ...