Majority of states seek 50% share in tax revenue from Centre: Finance Commission chief Arvind Panagariya

Arvind Panagariya, Chairman of the 16th Finance Commission, revealed that a majority of states have requested an increase in their share of tax revenue distribution to 50%. While most states, including Uttar Pradesh, are advocating for this change, Panagariya anticipates that the commission’s final recommendation will likely fall short of this figure.