Finance Commission introduces new parameter of contribution of state-to-GDP in horizontal devolution

Accordingly, for the first time, this Commission decided to add the State’s contribution to GDP among its horizontal ...
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16th Finance Commission Redraws Tax Devolution Map: Who Gains, Who Loses | Explained

The Centre as accepted the recommendations by the 16th Finance Commission during the Union Budget for FY27. The 16th FC has ...
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Assam looks for bigger tax devolution as Union Budget 2026–27 is tabled: Himanta

Assam Chief Minister Himanta Biswa Sarma on February 1 said the state expects a higher share of tax devolution from the Union ...

State Finance Commission proposes pollution tax, revamp of devolution formula

KOCHI: Invoking the principle of ‘let the polluter pay’, the first report of the 7th State Finance Commission (SFC) has proposed a pollution tax or user fee on medium and large economic enterprises, ...