Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

'Look beyond usual metrics for Centre-state tax share'

Mint Mumbai

|

July 10, 2025

Sixteenth Finance Commission member Manoj Panda also highlighted need for give and take

- Rhik Kundu rhik.kundu@livemint.com

'Look beyond usual metrics for Centre-state tax share'

The Sixteenth Finance Commission may need to go “a bit beyond” the standard parameters while computing the share of the country's revenue kitty that is divided among states and the Centre, Manoj Panda, a member of the Commission, said.

Panda's statement comes amid a growing clamour from wealthier Indian states—typically bunched around the western and southern regions—to be given a bigger share of the tax revenue.

Panda also said that states’ tax-to-Gross State Domestic Product (GSDP) ratios have remained stuck at 6-7% levels and that future tax collections will primarily hinge on GSDP growth.

His remarks, made in an interview with Mint, come as the 16th Finance Commission enters the deliberation phase, having completed its round of state visits over the past year.

The Commission, chaired by Arvind Panagariya, is now going through detailed memorandums submitted by various states and departments to shape its recommendations for the 2026-31 period.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Mint Mumbai

TCS, Wipro US patent suits worsen IT's woes

Two of the country’s largest information technology (IT) services companies—Tata Consultancy Services Ltd and Wipro Ltd—faced fresh patent violations in the last 45 days, signalling challenges to their expansion of service offerings.

time to read

2 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

AI bond flood adds to market pressure

Wall Street is straining to absorb a flood of new bonds from tech companies funding their artificial intelligence investments, adding to the recent pressure in markets.

time to read

4 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

Auto parts firms spot hybrid gold

Auto component makers are licking their lips at the ascent of hybrids, spying a new growth engine at a time when electric vehicle (EV) sales have not measured up.

time to read

2 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

Diwali is past, but shopping season is roaring ahead

India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.

time to read

3 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

HOW TO SPOT A WINNING STARTUP IPO

As a flood of new listings burns small investors, we investigate the overlooked metrics

time to read

9 mins

November 25, 2025

Mint Mumbai

WHY INDIA HAS FAILED TO CURB AIR POLLUTION

Despite massive funding, India has failed to make meaningful progress in combating air pollution. Beijing's dramatic turnaround over the past decade offers crucial lessons.

time to read

4 mins

November 25, 2025

Mint Mumbai

Micro biz has a harder time securing loan to start up

Bank lending to first-time micro-entrepreneurs has plummeted, signalling tighter credit conditions for small businesses already struggling with cash flow pressures and trade turmoil. In the first six months of the fiscal year, a key central scheme to support such lending managed to sanction just about 12% of what was sanctioned in the entire previous fiscal year, official data showed.

time to read

2 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

Inverted duty fix is next on GST agenda

GST Council to expand work on fixing anomaly at next meet

time to read

2 mins

November 25, 2025

Mint Mumbai

Mint Mumbai

Why was a fresh approach to QCOs needed?

The government is now withdrawing the quality control orders (QCOs) issued earlier across sectors. Mint examines the original intent, the reasons for the policy reversal, and the expected national benefits from this move.

time to read

2 mins

November 25, 2025

Mint Mumbai

Climate: Hope lives

Climate change could be described as a \"tragedy of the commons.\" That is, one where a shared resource, such as the planet's atmosphere, gets degraded because everyone has an incentive to put immediate self-interest above what's good for all.

time to read

1 min

November 25, 2025

Listen

Translate

Share

-
+

Change font size