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Chennai News

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Chennai / The Times of India

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Finance Commission's Formula: Is It Short-Changing Southern States?

Southern states fear the 16th Finance Commission's report will short-change them, arguing current formulas favour population and lower incomes over performance and tax collection. They highlight declining fiscal capacity despite strong socio-economic indicators and advocate for a rebalanced approach to tax revenue sharing, including cesses and surcharges, to foster true cooperative federalism.

26 Nov 2025 11:27 pm