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16th FC’s official visit
November 22 , 2024
16 hrs 0 min
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- The Chairman Arvind Panagariya led the 16th Finance Commission team visited Tamil Nadu.
- They also inspected the Nemmeli desalination plant as part of their consultations.
- Tamil Nadu called for an increase in the state’s share of central taxes to 50%.
- It was citing concerns over reduced devolution of funds and mounting financial burdens due to centrally-sponsored schemes.
- The state has emphasised the need for a revised fiscal framework that supports developing states like Tamil Nadu.
- It has expressed concern over the gap between the 15th Finance Commission’s recommendation of a 41% revenue share for states and the actual average devolution of 33.16% over the past four years.
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