15th FC report: Grant to local bodies, transparent reporting on debt, more

Here are the key points

Devolution to states reduced by 1 percentage point

The Commission estimated that the erstwhile states of Jammu & Kashmir and Ladakh accounted for about 0.85 per cent of the divisible pool. It noted that there is a strong need to enhance this to 1 per cent, keeping in mind security concerns and special needs. Therefore, the aggregate share of states is to be reduced to 41 per cent of the divisible pool

Report recommends Rs 90,000-cr grant to local bodies 

The 15th FC departed from previous commissions by increasing focus on local bodies. It recommended an amount of ~90,000 crore as grants to