Bihar News: To increase Bihar's revenue, the Nitish government will get 2 major decisions, low income will be strengthened -the Nitish Kumar government has made 2 major decisions to increase the revenue of Bihar Low Income.

The Nitish government has taken important steps to achieve the lack of income in Bihar. The Nitish government has taken this step to strengthen low income people. At the same time, Bihar has three great expectations of the Finance Commission and also requests a change in the prescribed three tax division standards. With the changes in weight, Bihar considers new aspects of replacing the standards. Vikash Chandra Pandey, Patna. Bihar News: Bihar needs more income to meet the growing requirements. Two attempts are being made for this. First, new sources of income are marked at internal level. Secondly, there is a demand for relatively high importance in central taxes. For this, the change of the standards is expected of part. Bihar also transferred its expectation to the 16th Finance Commission led by Arind Panagariya. Bihar has three great expectations of the Finance Commission and also requests a change in the prescribed three tax sharing standards. With the changes in weight, Bihar considers new aspects of replacing the standards. Like population density rather than the population. Panagariya has been told that excessive population pressure is a major obstacle in Bihar’s development. It is noteworthy that according to the 1971 census to the 14th Finance Commission is important to the population, but it was abolished in the 15th Finance Commission. The demographic performance criteria rewarded the efforts made by the states to control their population. Low breeding ratio states get high points on these criteria. Tax efforts were used as criteria for rewarding high -tax survey states. This is why Bihar has special emphasis on inequality in revenue. To maintain equality between states, low -income states get more share. Some of the same perspective recommended to make the multi -faceted poverty index standard. Bihar has registered a good achievement in alleviating poverty and also appreciated Niti Aayog for this. However, the tax to be shared between the center and the states is the corporation tax, income tax, IGST. They are divided on the recommendation of the Finance Commission. States get assistance in addition to part of the central tax. The deadline of the 15th Finance Commission is to finish by 2025-26. Thereafter, the recommendations of the 16th Finance Commission for the next five financial year will be effective. States account for 41 percent in the divisive pool (vertical transfer) on the recommendation of the 15th Finance Commission. Distribution (horizontal transfer) between states is based on different criteria. In horizontal transmission, Hindi-speaking states, including Bihar, have more benefits than in the southern west. If the importance of the divisible pool increases, this amount will be sufficient. That’s what Bihar believes. Also read Bihar News: The bat of the youth of Bihar, 5000 rupees will come to the account every month; Increase benefits in this way Bihar Kisan News: Good news for the farmers of this district of Bihar, wheat stores will start at the government level from April 1, every major news of your city, now on your phone. Download the most reliable companion of Local News Afjagran Local App.