Why in news? Finance Minister Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament on February 1, 2026, alongside the Union Budget. The government has accepted its key recommendation to maintain the states’ share in central taxes at 41% for the period of 2026-31. Vertical Devolution: Share of States in Central Taxes Key …
Continue reading “Summary of the 16th Finance Commission”
The post Summary of the 16th Finance Commission appeared first on INSIGHTS IAS – Simplifying UPSC IAS Exam Preparation.