16th Finance Commission urged to revise devolution criteria for Telangana, raising its share of central taxes from 41% to 50% for welfare and infrastructure support.

Trade organizations in Telangana, including FICCI and CII, are urging the 16th Finance Commission to revise devolution criteria to support performing states and address COVID-19's industrial impact. They seek to raise Telangana's share of central taxes from 41% to 50% to enhance fiscal capacity for welfare and infrastructure. The state also proposes changing allocation formulas to prioritize Gross State Domestic Product (GSDP), fostering investment and job creation.

September 09, 2024
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