Current Affairs · 16th Finance Commission
Consider the following statements regarding the horizontal devolution criteria recommended by the 16th Finance Commission: 1. The introduction of 'Contribution to GDP' as a new criterion carries a weight of 10% and replaces the earlier tax effort criterion. 2. The weightage assigned to Population (2011) has been increased to 17.5%, and the per capita GSDP distance weightage has been reduced to 42.5%. 3. The weightage for Forest and ecology has been reduced to 10%, and the States' share in the divisible pool of central taxes has been increased to 42%. Which of the statements given above is/are correct?
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