https://www.taxtmi.com/news?id=69577 The budget kept the Finance Commission share at 41%, with a jurisdiction-specific tax devolution of 4.097% alleged to continue for five years causing an estimated annual loss of Rs 5,000 crore; major cuts to centrally funded schemes (including a steep reduction in PM Internship funding) and no new project allocations for regional priorities were also criticised. Additional concerns included a sharp fall in overall central grants, the discontinuation of revenue deficit grants, and objections to a proposed Rare Earth Mineral Corridor as an appropriation of local resources. en-us Sun, 01 Feb 2026 20:01:04 +0530 Sun, 01 Feb 2026 20:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69577 The budget kept the Finance Commission share at 41%, with a jurisdiction-specific tax devolution of 4.097% alleged to continue for five years causing an estimated annual loss of Rs 5,000 crore; major cuts to centrally funded schemes (including a steep reduction in PM Internship funding) and no new project allocations for regional priorities were also criticised. Additional concerns included a sharp fall in overall central grants, the discontinuation of revenue deficit grants, and objections to a proposed Rare Earth Mineral Corridor as an appropriation of local resources. News - Sun, 01 Feb 2026 20:01:04 +0530 https://www.taxtmi.com/news?id=69577