New Delhi, Feb. 11 -- Union Finance Minister Nirmala Sitharaman on Wednesday assured that a 41% share of taxes is devolved to the States, and said, "We have transferred 41% of the divisible pool to the states. No state's share has been reduced."

"In the coming year, the States' share is estimated at Rs 25.44 lakh crore, which is devolved to them, an increase of Rs 2.7 lakh crore from last year," she said while replying to the debate in the Lok Sabha on the Union Budget 2026-27.

She cited the 16th Finance Commission and said it had analysed the devolution of funds from 2018 to 2023 and concluded that the Centre's transfers to states during each of those years exactly matched the Commission's recommendations.

"The 16th Finance Commission...