https://www.taxtmi.com/news?id=67018 Karnataka requests that the Union Budget 2026-27 remedy a shrinking fiscal space caused by GST rationalisation, expanding state responsibilities, and increased social and urbanisation costs. It seeks a revenue protection mechanism, sharing of excise and cess revenues, restoration of demand-driven rural employment with uncapped central funding, urgent release and reimbursement of delayed central scheme payments (notably Jal Jeevan Mission), and targeted central allocations for price deficiency payments, frontline worker support, regional development and pending Finance Commission and disaster-relief grants. en-us Sat, 10 Jan 2026 20:16:03 +0530 Sat, 10 Jan 2026 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67018 Karnataka requests that the Union Budget 2026-27 remedy a shrinking fiscal space caused by GST rationalisation, expanding state responsibilities, and increased social and urbanisation costs. It seeks a revenue protection mechanism, sharing of excise and cess revenues, restoration of demand-driven rural employment with uncapped central funding, urgent release and reimbursement of delayed central scheme payments (notably Jal Jeevan Mission), and targeted central allocations for price deficiency payments, frontline worker support, regional development and pending Finance Commission and disaster-relief grants. News - Sat, 10 Jan 2026 20:16:03 +0530 https://www.taxtmi.com/news?id=67018