Y. V. Reddy Committee recommends increasing state share in Centre tax revenue

Q.  Name the commission that has recommended increasing state’s share in the centre’s tax revenue to 42% from current 32%?
- Published on 27 Feb 15

a. Y. V. Reddy Commission
b. Justice C Rangarajan Commssion
c. Bajpai Panel
d. Bimal Jalan Committee

ANSWER: Y. V. Reddy Commission
 
According to an Action Taken Report on the recommendations given by the Commission, the Centre has decided to devolve a much higher share of 42% of the Union’s tax receipts to the States.

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