According to the 14th finance commission the percentage share of states in the net proceeds of the shareable central tax revenue should be
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According to the 14th Finance Commission, the share of States in the union tax revenue would be 42%.
In the previous finance commission tenure this share was at 32%.
Niti Aayog has approved this recommendation and increased the share of states in union tax revenue.
In return 30 centrally sponsored schemes have been transferred to the states list.
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