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Fifteenth Finance Commission in bind as Centre, states clamour for bigger revenue share

Updated : September 23, 2020 08:43 PM IST

Many of the high revenue yielding subjects, such as income tax and customs fall in the central list
The Commission has assumed nominal GDP growth of 9-10 percent as a pessimistic case, 10-11 percent as the base case, and 12 percent as the exuberant case
Fifteenth Finance Commission in bind as Centre, states clamour for bigger revenue share

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