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Karnataka's CM seeks fairer tax devolution, asking for a higher states' share and reforms from the central government.
Karnataka’s Chief Minister, Siddaramaiah, met with the 16th Finance Commission to advocate for fairer tax devolution from the central government.
Despite contributing 8.7% to India’s GDP, Karnataka receives only 15 paise per rupee in return.
Siddaramaiah proposed increasing states' share to 50%, capping cesses at 5%, and requested Rs 1.15 lakh crore for Bengaluru’s infrastructure.
He emphasized the need for reforms to ensure growth and equity in fiscal distribution.
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El CM de Karnataka busca una transferencia de impuestos más justa, pidiendo una mayor participación de los estados y reformas del gobierno central.