India, June 14 -- Karnataka Chief Minister Siddaramaiah on Friday made a strong pitch before the 16th Finance Commission for a more equitable share of central taxes for the state and sought a Rs.1.15 lakh crore investment over five years to bolster Bengaluru's infrastructure.
In a detailed meeting with Commission Chairman Arvind Panagariya, the chief minister flagged the fiscal disparity Karnataka faces, stating that despite contributing nearly 8.7% to India's GDP with only 5% of the population, the state receives disproportionately low returns from the Centre.
"For every rupee Karnataka contributes to union taxes, we receive just 15 paise in return," Siddaramaiah said, calling the imbalance stark and deeply unjust. He added that the di...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.