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Bihar, Assam, Tripura may lose share in central taxes

Last Updated: Monday, March 9, 2015, 16:33

States like Bihar, Assam, Tripura and Uttarakhand may witness decline in their share in union taxes, following implementation of recommendations of the Fourteenth Finance Commission (FFC) though the constitutional body has raised the overall share of states by 10 percent to 42 percent.

Finance Commission suggests higher share to states in central taxes

Last Updated: Tuesday, February 24, 2015, 14:48

The Finance Commission has suggested raising share of states in central taxes to 42 percent from current 32 percent.

Centre should allow states to collect central taxes: Mamata

Last Updated: Monday, February 4, 2013, 19:32

West Bengal Chief Minister Mamata Banerjee said the Centre should allow states to collect central taxes and use them for governance.