Chennai: If the cesses and surcharges were included in the divisible pool of central taxes, the tax devolution to states would have gone up from 35.5 per cent to 40 per cent in FY25, finds India.
The lower share of devolution in the kitty of the less populous and fiscally stronger southern states is one of the key reasons behind the north, south dispute over central funds.
Fiscal deficit reached 55% of BE in April-December period - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
With one quarter to go, fiscal deficit at 55% of target thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The slow growth in eight core industries—coal, natural gas, petroleum refining, crude, electricity, cement, and steel—is likely to reflect in industrial output as well. The eight core industries account for 40% of the index of industrial production.