More tax devolution

Image
BS Reporter Kolkata/ Bhubaneswar
Last Updated : Jan 19 2013 | 11:16 PM IST

The Orissa chief minister Naveen Patnaik has sought increased share of tax devolution from the 13th Finance Commission to overcome various socio-economic handicaps. In this context, the Commission should consider increasing the share of states to 50 percent of the net proceeds of central taxes and duties from 30.5 percent at present.

Making a submission before the Commission, Patnaik said, Orissa was deprived of its due share in tax devolution and grant-in-aid under the dispensation of 10th and 11th Finance Commission. In contrast, the favourable dispensation under the 12th Finance Commission (TFC) was beneficial to Orissa.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 27 2009 | 12:23 AM IST

Next Story