Centre Proposes Reducing States’ Share of Central Taxes from 41% to 40% by 2026: Impact & Analysis
Centre Proposes Reducing States’ Share of Central Taxes from 41% to 40% by 2026: Impact & Analysis The Indian government is proposing to reduce the share of central tax revenues allocated to states from the current 41% to at least 40%, starting from the fiscal year 2026-27. This recommendation will be submitted to the Finance…