Union Budget 2021-22: Do states have much to cheer for?
India, Feb. 11 -- The recommendations of the 15th Finance Commission are unlikely to make much of a difference to cash-strapped states
The recommendations of the 15th Finance Commission accepted by the Union finance minister, experts believe, are unlikely to make much of a difference to the states that are already cash-strapped.
The commission talks about how the Centre will share the taxes with state and local governments (vertical devolution). This amount is beyond that accounted for in the budget. There are three broad recommendations by the current finance commission which are worth noticing.
The first recommendation is that 41 per cent of the central tax pool will be shared with the state and local governments in 2021-2026. This r...
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