10 months, 2 weeks ago
Kerala gets Rs 21 while Bihar gets Rs 70 from every Rs 100 collected as tax: Finance Minister Balagopal
New Indian ExpressTHIRUVANANTHAPURAM: Kerala gets Rs 21, while UP gets Rs 46 and Bihar gets Rs 70 from every Rs 100 collected as tax from these states, said Finance Minister KN Balagopal while presenting the State Budget 2024-25 on Monday. But the Centre provides only Rs 21 against Kerala's own tax collection of every Rs 79. In the divisible pool of tax collected by the Centre, which is to be devolved among the states, 3.87 pc was Kerala's share during the 10th Finance Commission period. As per the Centre's own guidelines, Kerala's eligible borrowing limit for 2023-24 is Rs 39,626 crore.
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