Ranchi, 30 May (IANS). The Jharkhand government has demanded the 16th Finance Commission to increase the stake in the taxes of the states to 50 percent. Under the 15th Finance Commission, states are given 41 percent share in taxes.
Talking to the media in the state capital, 16th Finance Commission Chairman Arvind Panagariya said that the state government has demanded to increase the stake of states in the tax partition from 41 percent to 50 percent under the 16th Finance Commission.
The Finance Commission is constituted every five years to decide the partition of taxes in the Center and the states.
The 16th Finance Commission has been formed to decide the partition of taxes in the Center and states from FY 2026-27 to FY 2030-31.
The chairman of the 16th Finance Commission said that the state has also suggested how to distribute taxes. The state government says that 17.5 percent of the taxes on the basis of population, 15 percent on the area basis, 50 percent on the basis of per capita income i.e. as much as the less income, the higher tax, the 12.5 percent share on the basis of the forest, 2.5 percent on the basis of the forest and the remaining 2.5 percent should be given on the basis of how much striving.
Let me tell you, ministers, senior officials and representatives of the state government also gave a detailed presentation in various fields before the team of the Commission who came on a four -day visit to the state.
The Jharkhand government has sought a total of Rs 3 lakh 3 thousand 527 crore from the 16th Finance Commission for the development of the state.
The government told the Commission that the resources of this state, which is interesting on the resources of mineral and natural wealth for the needs of the country, has not yet been able to get a share in the central grant in that ratio.
According to the information provided officially, the state government has demanded the highest demand of Rs 2 lakh 1 thousand 772 crore for the development of infrastructure. Under this, the needs related to road, bridge, rural development, transport, urban development, energy, industry and tourism etc. have been outlined.
44 thousand 447 crore for development in social sector, 41 thousand 388 crore for the area of agriculture, forest and water resources and 17 thousand 918 crore for the area, Panchayati Raj, Land Reform, Revenue etc. have been placed before the Commission.
-IANS
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