BENGALURU, Jan. 31 -- Karnataka has urged the 16th Finance Commission to revise what it calls inequitable funding formulas and restore a higher share of central tax revenues, arguing that existing criteria have financially disadvantaged the state despite its strong economic contribution.
In a statement, chief minister Siddaramaiah said the state government had placed "just and constitutional demands" before the commission on behalf of Karnataka's people, including a fairer tax devolution, enhanced disaster relief funding and special grants.
"Karnataka insists that a stronger federal structure can be upheld only through equitable distribution," he said, appealing to media organizations to support a public campaign titled "Kannadigas' str...
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.