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Finance Commission recommends 41% share of taxes for states; 1% for J&K, Ladakh in FY21

Finance Commission Approx Read Time: 5 minutes In News: The 15th Finance Commission report (headed by N K Singh), and an Action Taken Report, was recently tabled in Parliament. The government had accepted the recommendations of the Commission. News Summary: The report of the 15th FC, along with an Action Taken Report, was tabled in …

Read moreFinance Commission recommends 41% share of taxes for states; 1% for J&K, Ladakh in FY21