Lucknow, June 5 -- A majority of the 28 states, including Uttar Pradesh, have demanded that the 16th Finance Commission should recommend an increase in the states' share in the divisible pool (of the Centre's tax revenue) from 41% to 50%, the commission's chairman Arvind Panagariya said during a visit to Lucknow on Wednesday.

Panagariya also said Uttar Pradesh's tax collections are very good and the state has prudently managed its finances.

He made these observations after a meeting with the Uttar Pradesh team led by chief minister Yogi Adityanath and viewing a presentation that additional chief secretary finance Deepak Kumar made before the finance commission at Lok Bhavan in the state capital.

Panagariya called the chief minister's s...