New Delhi, Feb 3 (IANS) The 16th Finance Commission’s (FC) recommendations represent a decisive shift towards incentivising economic efficiency, strengthening local governance, improving fiscal transparency and reinforcing debt sustainability, while continuing to support higher capital spending by states, a report showed on Tuesday.The 16th FC retained the vertical devolution of Union taxes to states at 41 per cent of the divisible pool for FY2027–FY2031, in line with the 15th Finance Commis…
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