https://www.taxtmi.com/news?id=42256 Haryana urged the 16th Finance Commission to increase vertical devolution and revise horizontal devolution shares, asserting historic under-devolution. The state provided fiscal indicators-maintained deficit and liabilities, high per capita income, substantial GST contribution, and SDG improvements-and highlighted state-funded expansion of welfare coverage, requesting that such state initiatives inform central transfer and state-specific grant allocations under centrally sponsored schemes. A detailed memorandum on fund division was promised for the Commission's consideration. en-us Mon, 28 Apr 2025 20:46:03 +0530 Mon, 28 Apr 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42256 Haryana urged the 16th Finance Commission to increase vertical devolution and revise horizontal devolution shares, asserting historic under-devolution. The state provided fiscal indicators-maintained deficit and liabilities, high per capita income, substantial GST contribution, and SDG improvements-and highlighted state-funded expansion of welfare coverage, requesting that such state initiatives inform central transfer and state-specific grant allocations under centrally sponsored schemes. A detailed memorandum on fund division was promised for the Commission's consideration. News - Mon, 28 Apr 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=42256