As far as revenue share goes, the government has projected to give about 32.5 per cent of central taxes to states during FY25, against the 15th Finance Commission's recommendation of 41 per cent, according to the Union Budget estimate.
Provisional estimates for FY24, too, show a similar share of states in the central taxes at 32.6 per cent. In absolute terms, however, compared to the provisional amount of ₹11.3 trillion, Budget estimates for FY25 show an increase to ₹12.5 trillion. Compared to the interim Budget announced on February 1, the amount devolved to the states is only marginally high from 12.2 trillion.
The final report of the 15th Finance Commission had recommended transfer of 41 per cent of central taxes to the states after two Union Territories were carved out of Jammu and Kashmir.
Diese Geschichte stammt aus der July 24, 2024-Ausgabe von Business Standard.
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FY25 as weak-earnings year is gradually getting priced in
Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:
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