[Chandigarh]Indian States To Get 10% Hike in share of Divisible Pool Of central taxes: M L Khattar, Calling It cooperative federalism ,Has Welcomed This Decision. Share of Divisible Pool Of central taxes For States Now Raised From 32% To 42%
Indian Government has accepted the 14th Finance Commission’s recommendations for a substantial hike in share of states in central taxes and asked them to tailor make schemes as per their needs,
Prime Minister Narendra Modi[Today]said . In a letter to all Chief Ministers,that the states are free to change Centrally Sponsored Schemes and plan the course of their development.Eleven States Are Also Categorized as Financially Weak States
Haryana Chief Minister Manohar Lal Khattar hailed This Centre’s move of accepting the 14th Finance Commission’s recommendations for a substantial hike in share of states in central taxes.
Thanking Prime Minister Narendra Modi, Sh Khattar said that the acceptance of recommendation of transfer of 42 % of divisible pool to the states including taxes, grants, etc, was in the true spirit of cooperative federalism.khattar
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