Rajdeep Sardesai LIVE: States’ Actual Tax Share Falls To 30%, Experts Debate Fiscal Autonomy LIVE
This discussion from the Business Today, India at 100 Conclave examines the critical issue of centre-state financial relations. A key point raised is the shrinking fiscal autonomy of states, with one speaker noting, “the state finance minister is a 12th man in the cricket team.” While Finance Commissions recommended a 41-42% share of net tax revenue for states, their actual share of gross tax revenue reportedly fell to 30% by 2023-2024, a decline attributed to the rise in cess and surcharge, which are not part of the divisible pool. The conversation explores the need for a new federal compact focused on markets, not just tax distribution, and the concept of ‘resource federalism’. It also covers the growing asymmetry between states’ economic and political power and the proposal to revisit the seventh schedule of the constitution to redefine central and state functions. #fiscalfederalism #centrestaterelations #stateautonomy #indianeconomy #taxsharing #gstcouncil #btindiaat100 #unionofstates #7thschedule #economicdivide #statefinances #indianpolitics #indiatoday #indiatodaylive #indiatodaylivestream
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
