Tax devolution to states Subject: Polity Section :Federalism Concept : The Centre’s tax devolution to the States, which has been consistently falling short of the Finance Commission’s recommendation, will hit a five-year low in FY24, according to an analysis of Budget 2023-24 by Emkay Global Financial Services . Tax devolution in FY24 is […]

    Tax devolution to States Subject – Economy Context – Capex push: Tax devolution to states front-loaded Concept – Typically, the tax devolution to states is done in 14 instalments in a year and the adjustments as per the revised estimate are usually done in March. Union finance minister Nirmala Sitharaman said the tax […]