End of revenue deficit grants not to impact states' finances: Official on FinComm suggestion
- Posted on February 2, 2026
- By Business News Today
- 2 Views
End of revenue deficit grants not to impact states' finances: Official on FinComm suggestion
The Union government faces a careful balancing act. Significant funds will flow to states following the 16th Finance Commission's proposals. This includes a 41 percent share of central taxes and doubled grants for local bodies. Expenditure Secretary V. Vualnam highlighted the need for fiscal prudence.
