Many states demand rise of share to 50 pc from divisible pool: Aravind Panagariya
divisible pool, 16th Finance Commission chairman Aravind Panagariya said here on Thursday. Several states also wanted a portion of the cess and surcharge being imposed by the central government, he said.
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The divisible pool is that portion of gross tax revenue which is distributed between the Centre and the States. Surcharges and cess are not part of the pool.
«The commission has visited several states and held consultations. Maximum states demanded an increase in the share in the central pool to 50 per cent. Only one or two states have demanded a 45 per cent rise,» Panagariya said.
Panagariya was talking to reporters after a discussion with Odisha Chief Minister Mohan Charan Majhi. The commission is on a four-day visit to the state.
He said that the Odisha government is also in favour of making cess and surcharges collected by the Union Government a part of the divisible pool for distribution among the states.
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