Centre cuts tax transfers to states by a fifth in October

Despite a sharp revenue slump, the Centre transferred budgeted amounts to state governments as their tax share from divisible pool in April-May, but has since found this practice unsustainable – October transfers were a fifth less than envisaged in Budget, at Rs 37,233 crore

from The Financial Express https://ift.tt/3qf60Gk
https://ift.tt/eA8V8J Prasanta Sahu