‘Urgent need to revamp drainage system’: 16th Finance Commission recommends Rs 56,100 crore for wastewater management

Twenty-two cities, including Pune, Jaipur and Howrah, are eligible for the 16th Finance Commission’s special component for wastewater projects. It also recommended a Rs 10,000 crore premium to ...

16th Finance Commission keeps states’ tax share at 41%

The Sixteenth Finance Commission proposes ending revenue deficit grants for states, keeping their tax share at 41%. It introduces states' GDP contribution to tax devolution and demands stricter fiscal ...

16th Finance Commission report: Punjab gets ₹19,623cr for local bodies, disasters; tax share up

These grants will be provided to Punjab over the five-year period between 2026 and 2031, with an upward trajectory ...