The government of Jharkhand demanded the 16th Finance Commission to increase the interest in taxes to 50 percent

Ranchi, May 30 (IANS). The Jharkhand government has demanded the 16th Finance Commission to increase the interest in the tax of the states to 50 percent. Under the 15th Finance Commission, states get 41 percent in tax share. Arvind Panagariya, chairman of the 16th Finance Commission, spoke to the media in the state capital, saying that the state government demanded to increase the importance of states in the tax distribution of 41 percent to 50 percent below the 16th Finance Commission. The Finance Commission is compiled every five years to determine the distribution of tax in the center and the states. The 16th Finance Commission was established to determine the distribution of tax in the center and states of FY 2026-27 to FY 2030-31. The chairman of the 16th Finance Commission said the state also proposed how to distribute taxes. The state government says that 17.5 percent of tax on the basis of the population, 15 percent in the area base, 50 percent based on per capita revenue, that is, as much as the less income, the higher tax, the 12.5 percent share on the basis of the forest, on the basis of the forest and the remaining 2.5 percent should be given on the basis of the pursuit. Let me tell you, ministers, senior officials and representatives of the state government also delivered a detailed presentation in various fields before the commission’s team that came to the state on a four -day visit. The Jharkhand government sought a total of Rs 3 Lakh 3 thousand 527 crore from the 16th Finance Commission for the development of the state. The government told the commission that the resources of this state, which are interesting about the resources of minerals and natural wealth for the needs of the country, have not yet been able to gain a share in the central award in that relationship. According to the officially provided information, the state government claimed the largest claim of Rs 2 Lakh 1 thousand 772 crore for the development of infrastructure. Below are the needs related to road, bridge, rural development, transport, urban development, energy, industry and tourism, etc. 44 thousand 447 crore for development in the social sector, 41 thousand 388 crore for the field of agriculture, forest and water resources and 17 thousand 918 crore for the area, Panchayati Raj, land reform, income, etc. -Ians abs/