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With a letter to CMs, Siddaramaiah reignites debate on tax devolution

Business Standard LogoBusiness Standard10h ago

With a letter to CMs, Siddaramaiah reignites debate on tax devolution - Business Standard

Quick Summary:

Despite the 15th Finance Commission’s introduction of a demographic performance metric aimed at incentivising population control, the southern states feel they are still at a disadvantage.

I have written to the Chief Ministers of Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Haryana, and Punjab regarding the unfair devolution of taxes by the Union government.

Karnataka Chief Minister Siddaramaiah has reignited the debate over what he perceives as an "unfair" devolution of tax revenue from the Centre to states with higher Gross State Domestic Product (GSDP) per capita.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 12:55:54 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 934 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22467413

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 322 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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