December 5, 2020

Market and Financial News Aggregator

View: States wait for a larger slice in the 15th Finance Commission

1 min read

States have also opposed the creation of a non-lapsable defence fund from the gross tax collections by the Centre, saying it would shrink the divisible pool and could set a precedent to address similar committed expenditure. Their view that devolved taxes are the states’ right, not a favour bestowed by the Centre, is legitimate.

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