The 16th Finance Commission, chaired by Arvind Panagariya, will consider various issues including GST and the sharing of taxes and resources between the Centre and states. Panagariya acknowledged the recent debate on GST triggered by states such as Karnataka, and stated that it is still too early for him to comment on the matter. He highlighted the importance of addressing farm sector, labour, and urbanisation-related challenges as key reform areas.
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The Congress leader, after taking over as chief minister in May this year, has often complained that the finance commissions have handed a raw deal to his state in devolution of funds.
