<h1>Government Boosts State Autonomy with Increased Fiscal Devolution and Revised Funding Patterns under 14th Finance Commission.</h1> The Finance Secretary emphasized the government's commitment to cooperative federalism, highlighting increased fiscal devolution to states. Under the 14th Finance Commission, states' share of divisible resources rose from 32% to 42%. Allocations for local bodies increased significantly, and untied grants provide states with more fiscal autonomy. The funding pattern for schemes shifted from 75:25 to 60:40 between the Center and states, with special category states maintaining a 90:10 ratio. Total transfers to states are estimated at Rs. 8.36 lakh crore for 2015-16, enhancing predictability and reducing discretionary transfers. Improved fiscal management has strengthened India's economic growth amidst global challenges.