Current Affairs · 16th Finance Commission Recommendations
The 16th Finance Commission, under the chairmanship of Arvind Panagariya, introduced modifications to India's fiscal federal architecture. Based on its recommendations regarding the devolution of the central tax pool, which of the following statements is/are correct? 1. The commission recommended maintaining the states' share of the central divisible tax pool at 41%. 2. The commission introduced 'Contribution to GDP' as a new criterion with a 10% weightage. 3. The weightage for 'Per capita GSDP distance' was increased to 45%. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3 only
- 21 and 3 only
- 31 and 2 only✓
- 41 only
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1 and 2 only
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