Try GOLD - Free
Centre Mulls Slashing States' Share of Taxes
Hindustan Times Rajasthan
|February 28, 2025
The government is seeking to cut the tax revenues that states receive, three people with direct knowledge of the matter said.
NEW DELHI:
The suggestion will be made to the Finance Commission of India, which makes recommendations on tax sharing along with other aspects of central-state fiscal relations, and could lead to a flaring of tensions between the two tiers of government. The panel, headed by economist Arvind Panagariya, will submit its recommendations by 31 October to be implemented from fiscal year 2026-27. The recommendations are binding.
The central government will recommend the share of taxes going to states be reduced to at least 40% from the current 41%, said one of the people. The proposal is likely to be cleared by the cabinet of ministers headed by Prime Minister Narendra Modi by the end of March and then be sent to the Finance Commission, said the second person.
This story is from the February 28, 2025 edition of Hindustan Times Rajasthan.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Rajasthan
Hindustan Times Rajasthan
India must lead Al on its own terms
The competition will not be won by those who build the largest models, but by those who design intelligence that works under real-world constraints and solve consequential problems. This is where India’s strengths lie
4 mins
February 18, 2026
Hindustan Times Rajasthan
Missing the forest for the trees
Environmental risks in the Great Nicobar project deserved more attention from NGT
2 mins
February 18, 2026
Hindustan Times Rajasthan
GOLDMAN PLANS TO REMOVE DEI CRITERIA FOR BOARD: REPORT
Goldman Sachs Group is planning to remove diversity criteria from factors considered in identifying potential board candidates, the Wall Street Journal reported.
1 min
February 18, 2026
Hindustan Times Rajasthan
A Swedish corner in the EU-India trade deal
At a time when the global economy is being reshaped by geopolitical uncertainty, climate imperatives, and shifting supply chains, the conclusion of a Free Trade Agreement (FTA) between India and the European Union (EU) is both timely and consequential.
3 mins
February 18, 2026
Hindustan Times Rajasthan
The BNP has its task cut out in Bangladesh
Months of speculation have finally been put to rest after the Bangladesh Nationalist Party (BNP), which was out of power for nearly two decades, won office in Dhaka in the recent parliamentary elections.
3 mins
February 18, 2026
Hindustan Times Rajasthan
UK’s new rules could put VPN age limits, end doomscrolling
The UK Government announced a crackdown on vile illegal content created by Artificial Intelligence, saying it will move swiftly to close a legal loophole and force all AI chatbot providers to comply with illegal content duties under the “Online Safety Act” or face consequences for breaking law, ANI reported.
1 min
February 17, 2026
Hindustan Times Rajasthan
UP to invoke hate crime charge in 2021 assault of Muslim man
The Uttar Pradesh government has agreed to invoke hate crime offences against the accused nearly five years Delhi man alleged that he was tortured, abused, and humiliated over his Muslim identity.
1 min
February 17, 2026
Hindustan Times Rajasthan
Retd soldier kills wife, son; dies by suicide
A 52-year-old retired soldier alleged shot dead his 40-year-old wife and 16-year-old son following a domestic row before dying by suicide by jumping in front of a moving train in Sen Pashchim Para in Kanpur district, Uttar Pradesh, on Monday morning, police officers said.
1 min
February 17, 2026
Hindustan Times Rajasthan
12 deaths in 15 days spark water contamination concerns in Hry
At least 12 people, including five children, have died in 15 days at Chayansa in Haryana’s Palwal, prompting a health department probe amid growing concerns about contaminated drinking water and infectious disease spread.
1 min
February 17, 2026
Hindustan Times Rajasthan
New Chinese AI shocks Hollywood, spurs legal threats
BEIJING: A new artificial intelligence video generator from Beijing-based ByteDance, the creator of TikTok, is drawing the ire of Hollywood organisations that say Seedance 2.0 “blatantly” violates copyright and uses the likeness of actors and others without permission, AP reported.
1 min
February 17, 2026
Listen
Translate
Change font size