Finance Minister Nirmala Sitharaman on Wednesday (February 11, 2026) dismissed allegations by Opposition members that the Centre was not transferring 41% of the divisible pool of taxes to the States, ...

At its core, devolution is about driving growth in a way that reflects the unique needs of our region, writes Megan Carter, regional director at Atkins Réalis. It represents a fundamental shift in the ...

A business leader has warned that the region could lose out on multi-million-pound public funding opportunities and says investor confidence could be undermined because of a lack of consensus on ...

The 16th Finance Commission has kept states’ share in the divisible tax pool unchanged at 41 per cent for the five-year period from 2026–27 to 2030–31. While the overall pool remains the same, the ...

Notably, the 16th FC scraps the 2.5% weightage given to tax and fiscal efforts, and adds a 10% weightage to a state’s contribution to the GDP. This is what favoured high GSDP states like Karnataka.

Centre accepts 16th Finance Commission recommendations, retaining 41% tax devolution for states. Southern states, along with Gujarat and Haryana, emerge as key gainers under the revised formula. New ...