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The 15th Finance Commission (FC) in its first report has recommended changes in the way taxes should be shared between the Centre and states in 2020-21.
States such as Bihar, Maharashtra, and erstwhile state of Jammu & Kashmir stand to gain, compared with the current year’s share, while Karnataka, Telangana, and Kerala stand to lose. Chart 1 shows the degree of increase (growth) in the share. J&K and Ladakh's share has been calculated as 1 per cent of the divisible pool.
The 15th FC has given nearly equal importance to population control (total fertility rate) and population. Another
States such as Bihar, Maharashtra, and erstwhile state of Jammu & Kashmir stand to gain, compared with the current year’s share, while Karnataka, Telangana, and Kerala stand to lose. Chart 1 shows the degree of increase (growth) in the share. J&K and Ladakh's share has been calculated as 1 per cent of the divisible pool.
The 15th FC has given nearly equal importance to population control (total fertility rate) and population. Another
