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flag Indian states seek higher tax revenue share, aiming for 50% in Finance Commission consultations.

flag The chairman of India's 16th Finance Commission, Arvind Panagariya, announced that all 28 states are requesting an increase in their share of tax revenue from 41% to 50%. flag The Commission is visiting all states for consultations and is expected to submit its recommendations by October 31, 2025, for the period 2026-2031. flag Uttar Pradesh is among those pushing for the change, emphasizing its high tax collection efforts and manageable fiscal deficit.

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