₹1.4 Lakh Crore Allocation Signals Strong Centre-State Partnership
Finance Minister Nirmala Sitharaman announced a substantial ₹1.4 lakh crore allocation to states for FY 2026-27 during her Union Budget presentation, accepting the 16th Finance Commission’s recommendations. This maintains the vertical devolution share at 41%, ensuring predictable and equitable resource distribution. Sustained Fiscal Federalism The 41% devolution commitment reflects balanced
