February 03, 2020 00: 02 IST.
Updated:.
February 03, 2020 01: 16 IST.
February 03, 2020 00: 02 IST.
Upgraded:.
February 03, 2020 01: 16 IST.
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The 15 th Finance Commission tries not to rock devolution boat given GST’s continuous difficulties
The interim report of the 15 th Finance Commission, tabled in Parliament on Saturday, has actually largely preserved the devolution mathematics of its predecessor, belying issues of a significant cut in States’ share.85%, the commission has actually mentioned the security and other unique requirements of the two areas to enhance their aggregate share to 1%, which would be fulfilled by the Centre. As part of an effort to balance the principles of financial needs, equity and efficiency as well as the need to make sure stability and predictability in transfers, the criteria for the horiz