Скачать или смотреть Tax devolution bonanza for states | News9

The recent tax devolution bonanza from the central government has significantly increased the financial allocations to states, empowering them to enhance their development projects and welfare schemes. This increase allows states to address localized issues effectively, invest in infrastructure, and bolster social welfare programs. While this move aims to decentralize financial power and promote regional growth, it also raises concerns about the potential impact on the central government's fiscal balance if tax revenue projections are not met. Overall, this initiative marks a crucial step towards strengthening the financial autonomy of states in India.

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