Finance Commi News Today

Centre seeks scrutiny of provincial uplift plans to ensure balanced growth.

The letter dated August 19 reads: “The 15th Finance Commission has reduced Karnataka’s share in tax devolution to 3.647 per cent of the divisible pool for the term 2020-21 to 2025-26 from 4.71 per cent recommended by the 14th Finance Commission. Karnataka has seen the steepest cut of 23 per cent because of the reduction in the devolution share. ​