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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Karnataka BJP aims to win all 28 seats in the upcoming Lok Sabha polls. The party plans to launch a campaign highlighting the worsening finances and lack of development work in the state. The Congress government has allocated a significant amount of funds for guarantee schemes. However, the BJP and JDS criticize the conditional implementation of guarantees and view it as a strategy to attract votes. Opposition parties also claim that the state’s financial health has deteriorated due to inadequate resource mobilization under the Congress.
