Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • President Isaac Herzog As Gaza War Marks 6 Months
    President Isaac Herzog As Gaza War Marks 6 Months World
  • Access Denied Business
  • RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI
    RBI To Allow Small Finance Banks To Extend Credit Lines Through UPI Nation
  • U.S. strike on alleged drug-smuggling boat kills two in Pacific: military
    U.S. strike on alleged drug-smuggling boat kills two in Pacific: military World
  • Sri Lanka reduces Bangladesh to 32-3 to end day one on top in first cricket test
    Sri Lanka reduces Bangladesh to 32-3 to end day one on top in first cricket test Sports
  • Rescue Workers To Lift First Piece Of Collapsed US Baltimore Bridge That Killed 6
    Rescue Workers To Lift First Piece Of Collapsed US Baltimore Bridge That Killed 6 World
  • Kyrgyzstan After India Issues Advisory
    Kyrgyzstan After India Issues Advisory World
  • Access Denied World
Odisha joins States’ pitch for 50% share of divisible tax pool

Odisha joins States’ pitch for 50% share of divisible tax pool

Posted on February 7, 2025 By admin


Odisha Chief Minister Mohan Charan Majhi, seen here with Prime Minister Narendra Modi. File
| Photo Credit: ANI

Odisha has joined the growing demand for the Finance Commission to raise States’ share in India’s divisible tax pool to 50%, from about 41% currently. The Sixteenth Finance Commission chairman Arvind Panagariya acknowledged the broader call by many States for a higher allocation.

The Constitutional panel, in Odisha from February 4 to 7 as part of its consultation process, has discussed the criteria for deciding the financial needs and the devolution formula with Chief Minister Mohan Majhi, political leaders, trade bodies, experts and urban local bodies.

“We have placed a demand that States’ share in the tax pool be enhanced to 50%. Besides, the gross tax income of Government of India is distributed among the States on the basis of a defined formula. Accordingly, share of Odisha stands at 4.528%. We have demanded to enhance the share of Odisha to 4.964%,” the Odisha CM said.

Odisha also demanded an increase in the central share in the corpus of the State Disaster Relief Fund from 75% to 100%, as the State faces frequent disasters. The Odisha CM has sought ₹12,59,148 crore from the Commission for the five-year period from 2026-27 to 2030-31, noting that “the funds will help the State in steering the roadmap to a Samruddha (prosperous) Odisha by 2036.”

Acknowledging the State’s demand, Mr. Panagariya said, “We have received requests from the majority of States we visited to increase the State’s share in the divisible pool to 50%. However, a few States indicated they could manage if the share is raised to at least 45%.”

Odisha pointed out that the use of the entire population as a determinant of tax devolution (as differentiated from the its use purely for scaling purposes) as a negative line of thinking, because it denotes the entire population is a liability.

“A better approximation of the government liability would be population share modified by the share of vulnerable population (say SC and ST) and those requiring special attention (people above 80 years of age and widows without any support). We suggest that such a modified population variable be used in the devolution formula instead of the entire population with a weight of 15%,” the State government emphasised in its presentation.

Moreover, the government said that “using area as a proxy for density of population is incorrect because even smaller States may be sparsely populated, while a State large in size is not necessarily sparsely populated”.

Published – February 07, 2025 05:30 am IST



Source link

Business

Post navigation

Previous Post: NMDC confident of demerged steel entity NSL clearing dues   
Next Post: Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Wayanad

Related Posts

  • Stock markets decline in early trade amid profit-taking, fresh foreign fund outflows
    Stock markets decline in early trade amid profit-taking, fresh foreign fund outflows Business
  • Fitch Retains India’s Growth Forecast For Current Fiscal At 6.3 Per Cent
    Fitch Retains India’s Growth Forecast For Current Fiscal At 6.3 Per Cent Business
  • Sensex rises 419 points to close above 81k level on gains in metal, auto shares
    Sensex rises 419 points to close above 81k level on gains in metal, auto shares Business
  • Access Denied Business
  • IIHL to pay Reliance Capital’s lenders only after IRDAI approval: Ashok Hinduja
    IIHL to pay Reliance Capital’s lenders only after IRDAI approval: Ashok Hinduja Business
  • Google blocks man’s email account over nude childhood photo; Gujarat HC issues notice to firm
    Google blocks man’s email account over nude childhood photo; Gujarat HC issues notice to firm Business

More Related Articles

Sensex, Nifty tumble amid weak global peers, foreign fund outflows Sensex, Nifty tumble amid weak global peers, foreign fund outflows Business
Access Denied Business
What are scientists saying about the science budget? The Hindu asked five. What are scientists saying about the science budget? The Hindu asked five. Business
Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security Business
‘Afghanistan economy shows modest signs of growth but recovery remains fragile,’ says World Bank ‘Afghanistan economy shows modest signs of growth but recovery remains fragile,’ says World Bank Business
Access Denied Business
SiteLock

Archives

  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Expedite procurement of paddy and maize on mission mode: CM
  • U.K. man in court charged with arson at former London synagogue
  • Close seven problematic TASMAC outlets in new bus stand and Kannankurichi, demands public
  • Qatar says Iran should not use Hormuz to ‘blackmail’ Gulf
  • MLA-elect V. Muraleedharan slams delay in Kerala government formation, warns of governance vacuum

Recent Comments

  1. AaronThymn on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. Matthewerano on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. JorgeBousa on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. Jamesemifs on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. Martinpex on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Ivan Klíma, Czech author and anti-communist dissident, dies at 94
    Ivan Klíma, Czech author and anti-communist dissident, dies at 94 World
  • Two held for job visa fraud
    Two held for job visa fraud Nation
  • 3rd Test Day 1: India Opt To Field Against Australia, Make 2 Massive Changes
    3rd Test Day 1: India Opt To Field Against Australia, Make 2 Massive Changes Sports
  • IPL-17: Ricky Ponting backs Axar Patel as captain in place of Rishabh Pant
    IPL-17: Ricky Ponting backs Axar Patel as captain in place of Rishabh Pant Sports
  • Access Denied Sports
  • Access Denied
    Access Denied Nation
  • Launch to ISS delayed again over weather: NASA
    Launch to ISS delayed again over weather: NASA Science
  • PM Modi To Visit Landslide-Hit Wayanad On August 10
    PM Modi To Visit Landslide-Hit Wayanad On August 10 Nation

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.