States share of central taxes

[Ryzen_renoir]

21 minutes ago, Dosakai said:

I think your agenda for governance is the polar opposite of mine.

In my idea, it is the entrepreneurs who flex their muscles to force the govt's hand to give them what theywant,, and the govt is left to deal with its consequences (welfare for those who are displaced).

Its only in the rarest of rare instances do we have braindead ideas to boost urbanism , like in amaravati. we all know how it turned out.

govts exist only to deal with the fallout of aggressive capitalists. In Andhra there are no aggressive capitalists.. or very few of them. lets say. or they move to Hyd, Chennai, bangalroe.

Local participation and local tax share  will ensure that unequal distribution of welath is minimised . 

For example amaravathi will be developed with its own funds and leadership  , ycp will not be able to interfere in its development . TDP tried the opposite state funding of entire thing and then hypothetically in  50 years it will generate taxes .

Each and every city of india is in dire need for urban infrastructure and they have to rely on generosity of state government for even maintenance work . 

Every city needs to chart its own path , good or bad 

 

[Dosakai]

1 minute ago, Ryzen_renoir said:

Local participation and local tax share  will ensure that unequal distribution of welath is minimised . 

For example amaravathi will be developed with its own funds and leadership  , ycp will not be able to interfere in its development . TDP tried the opposite state funding of entire thing and then hypothetically in  50 years it will generate taxes .

Each and every city of india is in dire need for urban infrastructure and they have to rely on generosity of state government for even maintenance work . 

Every city needs to chart its own path , good or bad 

 

so you are an idealist. okay. the idea is good, but not workable.

[Ryzen_renoir]

3 minutes ago, Dosakai said:

so you are an idealist. okay. the idea is good, but not workable.

It's perfectly workable , every major city in the world is like that . 

NYC metro is built by NYC Mayor , not the governer . Shenzen city infrastructure is decided by the local body rather than provincial government.  

Even gram panchayats in india are doing a better job than urban bodies in transparent development . 

There is less scope of corruption when you are directly answerable to people around you rather than your party boss. 

Amaravathi development lo what do locals have any say on what goes on there , what is being built next , how is the funding coming  , who gets to work on the projects , etc . Everything was centralised , the only thing people knew was real estate prices . 

[Dosakai]

1 minute ago, Ryzen_renoir said:

It's perfectly workable , every major citycincthe world is like that . 

NYC metro is built by NYC Mayor , not the governer . Shenzen city infrastructure is decided by the local body rather than provincial government.  

Even gram panchayats in india are doing a better job than urban bodies in transparent development . 

There is less scope of corruption when you are directly answerable to people around you rather than your party boss .

 

you are from chennai kadha. which area? I live near chetpet.

[Dosakai]

2 minutes ago, Ryzen_renoir said:

It's perfectly workable , every major citycincthe world is like that . 

NYC metro is built by NYC Mayor , not the governer . Shenzen city infrastructure is decided by the local body rather than provincial government.  

Even gram panchayats in india are doing a better job than urban bodies in transparent development . 

There is less scope of corruption when you are directly answerable to people around you rather than your party boss .

 

emo le.

[Ryzen_renoir]

1 minute ago, Dosakai said:

you are from chennai kadha. which area? I live near chetpet.

Choolaimedu 

[Dosakai]

4 minutes ago, Ryzen_renoir said:

Choolaimedu 

ok

[Hydrockers]

5 hours ago, manadonga said:

factors anni veyyi population okkate kadu 

forest land , area, income distance 

population control 

Karnataka loosing more than Telangana 

still karnataka vallu veyyatam leda bjp ki 

Delhi, haryana , gujarat  is collecting higher taxes than tg 

 

 

Haryana kuda na 

[Ayodhyaramayyaips]

7 hours ago, Ryzen_renoir said:

Emi choosi vote vestharu Telangana prajalu for BJP ?  

Not a single project granted , not allocating decent share of taxes , not allocating funds for central schemes . 

Andhra  melu kadha entho kontha funds lagesthunaru silent ga 

Adhantha mak thelvadh bhai...Asad Peru cheptham and car steering pathang chethilo undhani chepthamu...ekkuva matladithey pasupu board lantivi inkonni thestham ani cheptham...( Ante idhi chunav ka jumla type anna maata) inka ekkuva matlaadithey jai siyaram ani devuni Peru cheppukoni adugutham votes ni ...maku kanisam siggu sharam maanam maryadha lajja undavu bhai, only power kavali...ofcourse by chance power loki osthey em chesthamo maakey thelvadh...

[soodhilodaaram]

7 hours ago, Ryzen_renoir said:

Traditionally backward BIMARU States — Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh — are likely to see a 20-22 per cent increase in revenue from the Centre’s taxes and duties collection in FY22. But, when the Budget Estimate (BE) of FY22 is compared with the actual devolution in FY20, there is a decline in the budgeted numbers for many States.

According to the latest Union Budget, the net proceeds from Central taxes and duties to these four States for FY22 is budgeted at ₹2,78,691 crore. The allocation marks a 21 per cent increase from the Revised Estimate (RE) for FY21, at ₹2,30,208 crore.
 

Among these four States, the share of Central taxes to Madhya Pradesh will increase 20 per cent to ₹52,246.68 crore in FY22 from ₹43,372.09 crore in FY21, while proceeds to Uttar Pradesh and Bihar will go up 21 per cent each. Rajasthan will see the highest growth in Central tax revenue receipts among the pack, at 22 per cent. (Graph 1).

 
Lower base
However, the budgeted increase in the share of Central taxes to States for FY22 is from a lower base of pandemic-hit FY21, which witnessed a sharp fall in tax collections on account of the economic slowdown.

In fact, the BE of Central tax revenues to many States is less than the actual receipt of these States in FY20. For instance, Uttar Pradesh’s share for FY22 is budgeted at 1,19,395 crore. While it is a 21 per cent increase from the FY21 RE, it’s 3 per cent lower than the FY20 actuals of ₹1,22,729 crore. Similarly, the share of revenue to Tamil Nadu, Odisha, Andhra Pradesh and Karnataka have all gone down vis-à-vis the actual receipt for FY20.

For FY22, Uttar Pradesh, Bihar and Madhya Pradesh top the list of States that will receive the highest share of revenue from the Centre's divisible pool of taxes (Table 2).

Devolution formula
The devolution of taxes and duties and grants to States is based on the 15th Finance Commission recommendation that the Centre share 41 per cent of the net proceeds of taxes with the States, against the present 42 per cent. It also suggested that the Centre retain financial resources equivalent to 1 per cent of the net proceeds of taxes with itself, for financing the requirements of the newly formed Union Territories of Jammu & Kashmir and Ladakh.

The Finance Commission follows a horizontal devolution formula to arrive at tax devolution.

The formula assigns weightage for various criteria such as the States’ population (15 per cent), area (15 per cent) and income distance (45 per cent) to arrive at the devolution.

Among the components of Central taxes and duties to States, Central GST accounts for the largest share of devolution in volume followed by income-tax collection and corporation taxes (Table 3).

According to the Finance Commission’s assessment, gross tax revenues for the period FY22 to FY26 are expected to be ₹135.2-lakh crore, of which the divisible pool (after deducting cess and surcharges, and cost of collection) is estimated at ₹103-lakh crore.

TG is already Bangaru Telanagana kada under KCR, mallenduku BIMARU states meeda padi edusudu

[Telugodura456]

12 hours ago, Dosakai said:

for all practical purposes TG is way richer than Andhra now. not even in the same ball park. 

TG cannot expect share equal to AP for this reaason.

Riches of private citizens is not same as riches of govt. India has been designed such way that private riches and taxes always flow to delhi (income tax) whereas only consumption tax is shared with state. 

If TG is rich then credit must go to TG and they must get more share of the wealth that is being generated there. Instead it goes to delhi.

[Telugodura456]

12 hours ago, Ryzen_renoir said:

Same could be said for Andhra Pradesh kadha , transfer wealth from all regions to Hyderabad for 50 years . 

 

 

Afterwards transfer wealth to amaravathi ani plan chesaru due to loss of Hyderabad . Do you think normal people in other districts enjoyed the fruits of Hyderabad ?

 

 

That is also one of the reasons our political leaders lose moral high ground when fighting hindi parties like BJP. because our own people did Injustice to us all these years , so some group of People look up to strong outsider to help us out 

 

 

Again you are confusing private wealth with govt wealth. Govt wealth did not transfer much to hyd. Other than few roads and some lands and one or two buildings govt did not do much to hyd. what happened was brilliant marketing by sendraal (credit must be given where due) and brilliant planning which made hyd rich. This increased land values of hyd from which govt actually benefited.

[Ryzen_renoir]

22 minutes ago, Telugodura456 said:

Again you are confusing private wealth with govt wealth. Govt wealth did not transfer much to hyd. Other than few roads and some lands and one or two buildings govt did not do much to hyd. what happened was brilliant marketing by sendraal (credit must be given where due) and brilliant planning which made hyd rich. This increased land values of hyd from which govt actually benefited.

Bullshit brilliant planning , Hyderabad doesn't even have master plan now .  What planning ? Are you telling me Hyderabad would have been the same if united AP wasn't a thing ? 

Welath transfer doesn't mean just governments , it means government facilitating policies to transfer private wealth too .

Have you been living under a rock from 2014-2019 ? They tried the same thing