Union budget 2026-27 | part 3 | скачать в хорошем качестве

Union budget 2026-27 | part 3 |

very important: The 16th Finance Commission (2026-31) retained the states' share in central taxes at 41%, using a revised horizontal formula with a 42.5% weight for Income Distance to ensure equity. Income distance measures the gap between a state’s per capita GSDP and the average of the top three highest-income states (Telangana, Karnataka, Haryana) Income Distance Devolution (16th FC): Concept: Higher weight is given to states with lower per capita GSDP compared to the top three, aiding equity. 3 State Examples (Based on 16th FC trends): Uttar Pradesh (High Income Distance): Gets the highest share (approx. 17.61%), as it is far below the top 3 average. Bihar (High Income Distance): Receives the second highest share (approx. 9.95%), also due to lower per capita GSDP. Karnataka (Low Income Distance/High Income): Receives a lower share due to high GSDP, despite being one of the top three states used to calculate the distance. The 16th FC's approach uses a three-state average for income distance to create a more stable, equity-focused benchmark.