Don't read 41% share for states from divisible tax pool as 'reduction': FM

"42 per cent was the devolution formula based on the Finance Commission's recommendations as states' share but when there is one less state, which has become a Union territory... to that extent that one per cent was brought down,"Sitharaman said during an intervention on Budget discussion.

from Economy-News-Economic Times https://ift.tt/3rJKKsp