16th Finance Commission: Karnataka to seek sharing of cess and surcharge collected by the Centre with States - News Summed Up

16th Finance Commission: Karnataka to seek sharing of cess and surcharge collected by the Centre with States


He said that since the last Finance Commission did not have any members from Southern States, Karnataka will seek appointment of members after consulting the States so that the needs of the States are reflected well. Population controlThe Minister also said that the 16th Finance Commission will be urged to consider the weightage for controlling population since the previous commission had given no incentive for such measure. The Cabinet also decided to set up a technical cell with former finance commission member Govind Rao, former IAS officer M.R. He, however, said that Karnataka has been losing about ₹14,000 crore annually as devolution has been reduced from 4.71% in 14th Finance Commission to 3.64% in 15th Finance Commission. “The Centre is yet to release ₹11,495 crore recommended as three special grants by 15th Finance Commission,” the Minister said.


Source: The Hindu January 07, 2024 10:39 UTC



Loading...
Loading...
  

Loading...