Union Budget

24 Feb 2015

Budget 2015 Cheat Sheet - 42% Tax Devolution to States has impacted Fiscal Deficit Negatively

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The Government has accepted the Fourteenth Finance Commission recommendation to devolve 42% of Union Government’s net taxes to States, as against 32% being followed at present, which was the recommendation of the Thirteenth Finance Commission.

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Arjun Parthasarathy
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