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Former RBI Governor Duvvuri Subbarao has argued that enlightened leadership at both the Centre and State levels is necessary to resolve the north-south divide in determining the distribution of the tax pool among states. He cited the fact that richer states like Tamil Nadu and Maharashtra receive less than a rupee for every rupee they contribute to the Centre's taxes, while poorer states like Bihar and Jharkhand receive more than a rupee.

Subbarao pointed out that for every rupee richer states like Tamil Nadu and Maharashtra contribute to the centre’s taxes, they receive less than a rupee, while poorer states like Bihar and Jharkhand receive more than a rupee.

Psychiatric beds are located so people get the support they need. we can't continue to have people walk the streets, live on our subway system and doing acts of violence harmful to new yorkers. let's partner them with mental health professionals and police officers so we can get it right. with the residency, a police officer is required to respond to a call of a crime 24 hours a day, not just eight hours, 24 hours. so right now new yorkers are paying their police officers that live outside the city, they're paying them to protect them for eight hours and then we're paying for another county to...

Expenditures. we have a debt problem because the very richest people just aren't paying. >> neil, if you took all the money away from the billionaires in america, that would only add up to about $4 trillion. so when you look at the national debt, you'll still have $27 trillion that you'd need to get the money from somer with else. neil? >> neil: you cut spending less or widen the tax pool further. hillary van following that. rob portman has more on that. what do you think of what senator elizabeth warren said, it's about not taxing the rich much the? >> what is fascinating about that, last qua...

15th Finance Commission report recommends 42% share for states in divisible tax poll till 2025-26 As per the glide path, fiscal deficit should be 6 percent in 2021-22, 5.5 percent in 2022-23, 5 percent in 2023-24, 4.5 percent in 2024-25, and 4 percent in 2025-26 File image of Nirmala Sitharaman. News18 New Delhi: The 15th Finance Commission has recommended that states, along with Ladakh and Jammu and Kashmir, be given 42 percent share in the divisible tax pool of the centre during the period 2021-22 to 2025-26. The panel's report...