https://www.taxtmi.com/news?id=32572 The Union Budget is criticised for impairing fiscal federalism by shrinking the divisible tax pool through customs duty reductions and higher cesses, and by expanding Centrally Sponsored Schemes, which allegedly undermines state fiscal autonomy and discretion over priorities. The critique alleges allocational discrimination against Telangana and inadequate support for its irrigation projects, framing the budget's mix of duty and cess adjustments and scheme-driven funding as adverse to intergovernmental equity and state developmental capacity. en-us Sat, 01 Feb 2025 23:01:03 +0530 Sat, 01 Feb 2025 23:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32572 The Union Budget is criticised for impairing fiscal federalism by shrinking the divisible tax pool through customs duty reductions and higher cesses, and by expanding Centrally Sponsored Schemes, which allegedly undermines state fiscal autonomy and discretion over priorities. The critique alleges allocational discrimination against Telangana and inadequate support for its irrigation projects, framing the budget's mix of duty and cess adjustments and scheme-driven funding as adverse to intergovernmental equity and state developmental capacity. News - Sat, 01 Feb 2025 23:01:03 +0530 https://www.taxtmi.com/news?id=32572