Fifteenth FC may have kept devolution of divisible tax pool unchanged

The interim report is likely to be made public just before or on the day of the Budget

The Fifteenth Finance Commission is believed to have maintained status quo for now, by recommending that the devolution of the divisible tax pool to states be kept at the existing 42 per cent for 2020-21. The Commission (FC) submitted its interim report for the financial year 2020-21 to President Ram Nath Kovind on Thursday, and apprised the President of the recommendations, an official statement said.

An official confirmed that the FC had kept the devolution to states unchanged for now. This is even as it uses the extra time it has been given to navigate challenging circumstances like the economic