The Centre’s decision to retain States’ share in the common pool of taxes at 41% for 2026–31 has sparked criticism from opposition leaders. Finance Minister Nirmala Sitharaman tabled the Sixteenth Finance Commission report in the Lok Sabha on February 1, 2026, setting the framework for tax devolution between the Centre and States. Several States, including Karnataka and Kerala, had sought a higher 50% share, citing rising fiscal responsibilities.
Watch: 16th Finance Commission report tabled | Union Budget 2026
Leave a Comment
Leave a Comment
Get Insider Tips and Tricks in Our Newsletter!
Join our community of subscribers who are gaining a competitive edge through the latest trends, innovative strategies, and insider information!
- Stay up to date with the latest trends and advancements in AI chat technology with our exclusive news and insights
- Other resources that will help you save time and boost your productivity.
Must Read
