Tax devolution from the central pool to the states is based on recommendations of the Finance Commission without any exception, Union finance minister Nirmala Sitharaman assured members of Rajya Sabha on Thursday.
There has a significant jump in states' share in central taxes and grants during 10 years of the Narendra Modi-led NDA government as compared to the previous 10-year of the UPA regime, she said, responding to criticisms in the House and outside, from the southern states of Kerala and Tamil Nadu, which allege that the Union government is withholding tax revenues due to them.
"There is no way... that any violation has happened. I followed it (the Finance Commission's recommendation) to the last word," she said in the House while replying to the debate on the interim budget.
In the budget estimate (BE) of 2024-25, the total resources being transferred to states, including devolution of the states' share from the taxable pool, grants and loans, releases under the centrally-sponsored schemes, are expected to be ₹22,22,264 crore, an increase of ₹4,13,848 crore over the actuals of 2022-23. "This is 47% of the 2024-25 budget," she added.
Esta historia es de la edición February 09, 2024 de Hindustan Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 09, 2024 de Hindustan Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
'I WAS TOLD MY BROTHER...NIKHIL WAS COMMERCIAL SUICIDE'
Actor Sanjay Suri on playing an HIV-positive character and the impact it still has, despite receiving no support from the film industry
Divyenndu 'keen' on doing horror, wants to play a vampire
Actor Divyenndu, who was last seen on the big screen with the comedy film Madgaon Express, has said he would \"love to play a vampire\" in a horror film.
World AIDS Day: A guide to understanding HIV and AIDS
While general awareness around HIV (Human Immunodeficiency Virus) and AIDS (Acquired Immunodeficiency Syndrome) has significantly improved over the years, the two conditions are still often confused for each other.
Kashmera doing fine after mishap, says husband Krushna
Fans of actor Kashmera Shah (51), who recently met with a freak accident at a mall in the US while away from her family, can finally heave a sigh of relief. Her husband, actor-comedian Krushna Abhishek (41), says that Shah is doing fine.
Samantha Prabhu's father Joseph passes away
Actor Samantha Ruth Prabhu recently took to social media to share the news of her father Joseph Prabhu's death on her Instagram Story, captioned, \"Until we meet again.\"
'I WANT TO CHALLENGE MYTHS AROUND SOCIAL CONDITIONING'
Actor Shweta Tripathi's iconic character in the Mirzapur web series, Gajgamini aka Golu, was a hit with the audience. And as the series is set to be adapted into a film, fans are thrilled about getting to experience it on the big screen.
'I do not think about the industry's acceptance'
It's been quite an eventful year for actor Sunny Kaushal, whose portrayal of a grey-shade character in Phir Aayi Hasseen Dillruba has earned him plaudits.
'I FELT LIKE MY 2 LOWER BODY WAS DETACHED'
Actor Rakul Preet Singh, who suffered a back injury in October, reveals how it was a particularly challenging incident in her life
'I still don't know if I was a mean mum'
Dr Madhu Akhouri Chopra, mum of actor Priyanka Chopra Jonas, recently revealed that she regretted sending her daughter to a boarding school at the age of seven.
Kluivert's penalty hat-trick makes history, Brentford thrash Leicester
Justin Kluivert scored the first ever Premier League hat-trick of penalties as Bournemouth won 4-2 at Wolves on Saturday and Kevin Schade also scored three in Brentford's 4-1 victory over Leicester.
