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Public Statements
Action taken on Fourteenth Finance Commission Report presented to the President December 15, 2014.
Type: Press Release | Published Date: 24 Feb 2015
As per recommendations of the XIV Finance Commission, in keeping with the bedrock of financial governance as cooperative federalism, the union government has decided to devolve a much higher share of 42 per cent of the Union's net tax receipts to the States.
Posted on 28 Feb 2015
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