Central tax revenue cut: Is this how performing States are rewarded, T.N. Finance Minister asks Union govt.
The Hindu
Reacting to media reports that the Union government was seeking to cut the Central tax revenues that States received, Tamil Nadu Finance Minister Thangam Thennarasu asked if this was how performing States were rewarded.
Reacting to media reports that the Union government was seeking to cut the Central tax revenues that States received, Tamil Nadu Finance Minister Thangam Thennarasu asked if this was how performing States were rewarded.
The Union government “must act fairly,” the Minister said in a social media post, and reiterated Tamil Nadu’s demand for 50% devolution, adding that many other States too supported the idea of increased devolution to States.
“Tamil Nadu already receives less than what it deserves, and now, the Finance Panel is likely to recommend cutting states’ share further from 41% to 40% as suggested by the Union governemnt. Is this how performing States are rewarded,” Mr. Thennarasu asked.
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